A PYMNTS Company

US: EBay non-poaching settlement given green light

By  |  September 3, 2014

A federal judge on Tuesday has approved of online retail giant eBay’s proposed settlement with regulators over allegations the company unfairly colluded to refrain from hiring rivals’ employees.

Reports say eBay agreed to not make such non-poaching deals with rival technology companies to settle claims brought by the US Department of Justice and to pay $3.75 million to the affected employees. The deal, first announced earlier this year, was cleared by US District Judge Edward Davila.

EBay is just the latest company to settle with the government over non-poaching collusion. Earlier this year, six companies including Apple and Google settled with regulators over non-solicitation agreements, but their combined settlement of $324.5 million was slammed by a federal judge as insufficient.

Full content: Reuters

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.