eBay Inc (NASDAQ:EBAY) announced that it has agreed to a settlement with the U.S. Department of Justice and the Attorney General of California regarding a non-hire agreement with Intuit. The settlement will include paying out $3.75 million to cover compensation to impacted employees and associated fees/costs.
?eBay continues to believe 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,? said eBay in a statement. The settlement will require court approval.
Apple, Google, and two other tech companies recently made a $324 million settlement with 64,000 workers who were harmed by similar no-hire agreements where these companies refused to poach each others employees.