High: 88º Low: 65º
High: 90º Low: 66º
High; 89º Low: 64º
Tech Giants Settle Recruiting Lawsuit
California (CNN) - Four big Silicon Valley tech companies reached a settlement in a lawsuit accusing them of conspired not to poach workers from one another.
The lawsuit, filed in 2011, accused the companies of agreeing not to recruit employees from one another as a way to keep wages down.
A judge granted the case class action status in October.
The class involved more than 64-thousand technical employees who worked at the companies between 2005 and 2009.
Adobe, in a statement, said it "strongly denies" it did anything wrong in its recruiting policies.
It said nevertheless they decided to settle the matter "in order to avoid the uncertainties, cost and distraction of litigation."
A lawyer for the plaintiffs called the deal between Intel, Google, Apple and Adobe "an excellent resolution."
The settlement will now go before a judge for review.
The lawsuit was originally filed against seven companies.
Lucasfilm and Pixar, both owned now by Disney, agreed last year to pay nine million dollars to settle their portion of the case.
Intuit agreed to pay 11 million dollars.