Employee Class Action Dismissal Bid Rejected for Apple (AAPL), Google (GOOG), Others
Tweet
Share
E-mailGet Alerts AAPL Hot Sheet
Join SI Premium – FREE
Seven tech giant's will need to face the music in a pending class action lawsuit, following a call by one U.S. judge Wednesday.
According to reports, Apple (Nasdaq: AAPL), Google (Nasdaq: GOOG), Intel (Nasdaq: INTC), Oracle (Nasdaq: ORCL), Intuit (Nasdaq: INTU), Disney's (NYSE: DIS) Pixar, and Adobe Systems (Nasdaq: ADBE) will face a class action suit filed by five engineers in the State of California, claiming the companies conspired to depress employee pay by eliminating competition for skilled labor.
Though the companies tried to get the case dismissed, U.S District Judge Lucy Koh of California said the case will go forward, rejecting a bid by the septet.
Its not clear what the terms of the class action were at the time of filing.
The case is In re: High-Tech Employee Antitrust Litigation, U.S. District Court, Northern District of California, No. 11-02509.
According to reports, Apple (Nasdaq: AAPL), Google (Nasdaq: GOOG), Intel (Nasdaq: INTC), Oracle (Nasdaq: ORCL), Intuit (Nasdaq: INTU), Disney's (NYSE: DIS) Pixar, and Adobe Systems (Nasdaq: ADBE) will face a class action suit filed by five engineers in the State of California, claiming the companies conspired to depress employee pay by eliminating competition for skilled labor.
Though the companies tried to get the case dismissed, U.S District Judge Lucy Koh of California said the case will go forward, rejecting a bid by the septet.
Its not clear what the terms of the class action were at the time of filing.
The case is In re: High-Tech Employee Antitrust Litigation, U.S. District Court, Northern District of California, No. 11-02509.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Quantum Cyber rejects short-seller's offer to halt reports if lawsuit dropped
- ABAT posts record gross profit, wins reinstatement of $57M DOE grant
- Cytokinetics sues Bristol-Myers Squibb over aficamten patent dispute
Create E-mail Alert Related Categories
Insiders' Blog, LitigationSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
