The Department of Justice has announced this past week that they have reached a settlement with 6 tech companies. Adobe Systems Incorporated (NASDAQ:ADBE), Apple Inc. (NASDAQ:AAPL), Google Inc. (NASDAQ:GOOG), Intel Corporation (NASDAQ:INTC), Intuit Inc. (NASDAQ:INTU), and Pixar Animation Studios Inc. have all agreed to to enter an employee agreement. These 6 companies have agreed not to poach employees from each other.
The Department of Justice Antitrust Division filed a civil antitrust complaint in the U.S. District Court for the District of Columbia. The agreements have been made between Apple and Google, Apple and Adobe, Adobe and Pixar and Google and Intel. Another agreement was made between Google and Intuit.
?The agreements challenged here restrained competition for affected employees without any procompetitive justification and distorted the competitive process,? stated Molly S. Boast, Deputy Assistant Attorney General in the Department of Justice?s Antitrust Division in a press release. ?The proposed settlement resolves the department?s antitrust concerns with regard to these no solicitation agreements.?