NEW YORK (TheStreet) -- Google, Apple, Intel and Adobe Systems have reportedly paid $324 million to settle a class-action lawsuit alleging the tech titans conspired to hold down workers' wages as part of non-poaching agreements.
The lawsuit, filed back in 2011 and set to go to trial in May, involved approximately 64,000 employees. The employees accused the companies of having a non-poaching agreement that prevented workers from seeking out better-paying jobs. Emails between late Apple co-founder Steve Jobs and former Google chief executive Eric Schmidt that reportedly contained plans to avoid recruiting each other's employees were said to be a large basis of the case.WATCH: More videos from Brittany Umar on TheStreet TV
Reuters reported, according to a court filing, the companies agreed to pay a sum of $324 million to settle the suit. As part of a 2010 settlement with the Department of Justice, Google, Apple, Intel and Adobe were several of the companies that agreed not to enter into no-hire agreements in the future.
In New York, I'm Brittany Umar for TheStreet. Written by Brittany Umar in New York.
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