From CNET: Four Silicon Valley companies -- including Apple and Google -- have agreed to pay $415 million to settle an antitrust lawsuit that accused the companies of conspiring not to hire away each other's employees.
The proposed settlement, which also includes Intel and Adobe Systems, was revealed in a motion filed by the companies Thursday in US District Court in San Jose, Calif. The settlement offer -- the second presented in the case -- is $90.5 million more than a previous offer that was rejected by a federal judge.
In the motion, which still requires court approval, the defendants continued to deny that they had engaged in any wrongdoing or violated any law.
"We deny the allegations contained in the suit and we deny that we violated any laws or that we have any obligation to the plaintiff," Intel spokesman Chuck Mulloy said in an emailed statement. "We elected to settle the matter in order to avoid the risk, burdens and uncertainty of ongoing litigation."
View: Article @ Source Site
