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Google Had Secret Pact With Other Tech Companies

By: dbtechno Six major tech companies including Google and Apple have admitted to creating secret agreements that they would not try to hire employees from each other, a move often referred to as poaching. "The agreements challenged here restrained competition for affected employees without any procompetitive justification and distorted the competitive process," Molly S. Boast, deputy assistant attorney general in the Department of Justice's Antitrust Division, said in a statement released Friday afternoon. "The proposed settlement resolves the department's antitrust concerns with regard to these no solicitation agreements."

Full post as published by The Trade Secrets Vault on October 04, 2010 (boomark / email).