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US: Another non-poaching lawsuit ends in settlement

By  |  May 1, 2014

Another antitrust lawsuit accusing companies of illegally agreeing not to hire each others’ employees has ended, reports say, as eBay has agreed to stop making such agreements in the future.

The US Department of Justice first filed the suit against online auction firm eBay, accusing the company of making non-compete agreements with software firm Intuit. The DOJ says the agreements have been made since before 2006.

In a statement, DOJ antitrust head Bill Baer said “eBay’s agreement with Intuit served no purpose but to limit competition between the two firms for employees, distorting the labor market and causing employees to lose opportunities for better jobs and higher pay.”

According to reports, eBay has agreed to not make non-poaching agreements for the next five years.

Full content: CNBC

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