Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

U.S. judge approves DOJ settlement with eBay over tech hiring

Published 09/02/2014, 02:29 PM
Updated 09/02/2014, 02:30 PM
U.S. judge approves DOJ settlement with eBay over tech hiring

By Dan Levine SAN FRANCISCO (Reuters) - A U.S. judge on Tuesday approved a settlement between federal antitrust authorities and eBay Inc over allegations that eBay agreed to refrain from soliciting a rival company's employees.

Under the deal, announced earlier this year, eBay said it would not make deals with other technology companies about poaching each others' employees. U.S. District Judge Edward Davila approved eBay's agreement with the U.S. Department of Justice in a brief order.

Hiring in Silicon Valley has been increasingly scrutinized. Six companies including Apple and Google settled with federal authorities in 2010 over non-solicitation deals, without paying money. eBay agreed to pay $3.75 million to compensate workers impacted by the no-poach deals as part of a settlement with California antitrust regulators.

An eBay representative could not immediately be reached for comment. Earlier this year, the company said it believed that "the policy that prompted this lawsuit was acceptable and legal, and led to no anticompetitive effects in the talent market in which eBay competed."

Last month, a different U.S. judge rejected a proposed $324.5 million settlement in a civil class action against Apple, Google, Intel and Adobe over similar allegations. That judge said the proposed settlement was too small.

eBay and Intuit reached a "handshake" agreement in 2006 involving executives including then-eBay chief executive Meg Whitman and Intuit founder Scott Cook, according to court documents. At the time Cook, who was serving on eBay's board, complained about eBay poaching Intuit employees. Whitman is now chief executive at Hewlett-Packard Co.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Federal and state antitrust regulators sued eBay in 2012. Intuit had previously settled.

The case in U.S. District Court, Northern District of California is United States of America vs. eBay Inc., 12-05869.

(Reporting by Dan Levine; Editing by Meredith Mazzilli, Bernard Orr)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.