Report: Apple, Google sweeten the deal for plaintiffs in no-poaching lawsuit

Apple, Google, Intel and Adobe are now offering a combined payment of $415 million to settle an antitrust case that accuses the four companies of conspiring with each other on no-poaching agreements, according to The New York Times.

The class-action suit, brought forth by 64,000 software engineers, purports that the four companies agreed, in other words, to not try to hire the others' employees. In a roundabout way, that may have limited the salaries and upward mobility for the companies' workers, the lawsuit contends.

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The lawyers in the case have agreed to the new dollar amount, according to the report, which cites a "person close to the negotiations." That doesn't mean the case is over, mind you. It's slated to go to trial sometime this spring in California. Of course, $415 million — divvied up between four supremely wealthy companies — won't dent their pocketbooks much at all. Read more...

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