Thursday, September 23, 2010

Dept. of Justice Reaches Settlement with Silicon Valley Firms

The U.S. Department of Justice reached a settlement with six Silicon Valley firms -- Adobe Systems, Apple, Google, Intel, Intuit and Pixar -- that prevents them from entering into no solicitation agreements for employees. The department said that the agreements eliminated a significant form of competition to attract highly skilled employees, and overall diminished competition to the detriment of affected employees who were likely deprived of competitively important information and access to better job opportunities.