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

MarketsAssociated 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.

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.

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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.