Lodged in 2011, the complaint accused Apple, Google, Intel, and Adobe of colluding to not poach one another’s employees, thereby preventing tech workers from securing higher salaries. It was based mainly on email correspondences among the late Apple cofounder and CEO Steve Jobs, former Google CEO Eric Schmidt, and other key people from rival companies.
This time, a new settlement has been reached by the companies involved with the plaintiffs. The amount is yet undisclosed, although it’s expected to be at least $380 million, in compliance with Koh’s previous ruling. UPDATE: Citing “a source close to the negotiations,” The New York Times reports that the companies are offering $415 million to settle the case.
The companies said in the brief court filing today that the new deal will be detailed by the plaintiffs in a forthcoming filing, which is expected to be reviewed by Koh for final approval.
See also: Lawsuit filed against Apple over allegedly faulty MacBook logic boards dismissed by judge, Apple’s Beats facing suit from Monster, its original headphone manufacturing partner, and Apple facing possible class action lawsuit over ‘massive data footprint’ of iOS 8.