Apple, Google strike new settlement in suit alleging conspiracy against high-tech workers

Markets Associated Press

A revised settlement has been reached in a class-action lawsuit alleging Apple and Google conspired with other Silicon Valley companies to block more than 60,000 high-tech employees from getting better job offers.

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The terms of the new agreement weren't disclosed in a letter filed Tuesday with an appeals court in San Francisco. Donald Falk, a lawyer who filed the letter on behalf of Google Inc., declined to comment Wednesday.

The new settlement comes five months after U.S. District Judge Lucy Koh rejected an earlier deal that would have required Apple, Google, Intel and Adobe Systems to pay $324.5 million to resolve a lawsuit alleging the companies secretly agreed not to recruit each other's workers.

Koh concluded the evidence in the case warranted a payment of at least $380 million.