Apple Agrees to Settle Lawsuit Over Anti-Poaching Agreements

Apple, Google, Intel, and Adobe have reportedly agreed to settle a class action lawsuit over their no-hire agreements in Silicon Valley, reports Reuters.

Tech workers filed a class action lawsuit against Apple Inc , Google Inc, Intel Inc and Adobe Systems Inc in 2011, alleging they conspired not to poach one another's employees in order to avert a salary war. Trial had been scheduled to begin at the end of May on behalf of roughly 60,000 workers in the class.

The terms of the deal have not yet been disclosed.