Reports say six companies have settled a private action lawsuit accusing the firms of violating antitrust law for their no-hire agreements; Intuit Inc. was named as a defendant in the case. The settlement is said to be similar to the agreement the companies made to end an investigation by the US Deaprtment of Justice over the no-hire contracts; lawyers represented more than 160,000 employees in the recently-settled case. In a letter sent to US District Judge Lucy Koh in California, the sides will present the terms of the settlement in the “near future.” Intuit confirmed that a settlement had been reached, but did not provide further comment on the matter. Units of Walt Disney Co has also reportedly reached a tentative settlement, and Pixar and Lucasfirm are said to have settled claims as well. Apple, Google, Intel and Adobe were also defendants named.
Full Content: Bloomberg
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Uruguayan Antitrust Scrutiny Puts Major Meatpacking Deal Between Marfrig and Minerva on Hold
May 19, 2024 by
CPI
Alaska Airlines Seeks Dismissal of Consumer Lawsuit Over $1.9 Billion Hawaiian Airlines Buy
May 19, 2024 by
CPI
Idaho Attorney General Orders Split of Kootenai Health and Syringa Hospital
May 19, 2024 by
CPI
Court Rejects T-Mobile’s Appeal Bid in Antitrust Case Over Sprint Merger
May 19, 2024 by
CPI
Google Requests Judge, Not Jury, to Decide on Antitrust Case
May 19, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI