10 Updates

Justice Department, eBay settle antitrust lawsuit

May 1 2014, 7:02pm CDT | by

WASHINGTON (AP) — The Justice Department said Thursday that it has settled a lawsuit against eBay that accused the company of anticompetitive practices in the recruitment and hiring of...

Filed under: news

 
 
 

12 weeks ago

Justice Department, eBay settle antitrust lawsuit

May 1 2014, 7:02pm CDT | by

WASHINGTON (AP) — The Justice Department said Thursday that it has settled a lawsuit against eBay that accused the company of anticompetitive practices in the recruitment and hiring of skilled employees.

The settlement resolves a 2012 lawsuit centered on eBay's agreement with the Intuit software company that prevented each firm from recruiting the other's employees. That deal, entered into by top-level executives at both companies, was designed to limit competition between the two firms for highly specialized technology employees and denied workers the chance for better, higher-paying job opportunities, the government said.

"The behavior was blatant and egregious. And the agreements were fully documented in company electronic communications," Assistant Attorney General Bill Baer, head of the Justice Department's Antitrust Division, said in a conference call with reporters.

The settlement, which requires court approval, would bar eBay from entering into or enforcing any agreement that restricts the recruitment or hiring of employees for the next five years. The e-commerce company also reached a separate settlement with the California attorney general, agreeing to pay a $3.75 million sum that includes civil penalties and restitution to Californians who worked at eBay or Intuit since 2005 and were affected by the actions. Intuit is not a defendant in the case because it is already subject to a similar Justice Department consent decree.

EBay, which admitted no wrongdoing as part of the settlement, said it still believes the policy that prompted this lawsuit was "acceptable and legal, and led to no anticompetitive effects in the talent market in which eBay competed." It said any recruitment practices that raised concerns with the Justice Department ended several years ago.

"EBay competes aggressively to attract and retain the best talent, while conforming to the hiring practices standards established by the Department of Justice in prior hiring-related cases against other companies," the company said in a written statement.

The case against eBay grew out of a broader Justice Department investigation into claims that some of Silicon Valley's biggest companies had entered into a secret pact forbidding them from recruiting each other's employees. That probe resulted in a 2010 settlement requiring Google, Apple, Intel, Adobe Systems, Intuit and Pixar to scrap their no-poaching agreements.

A class-action lawsuit representing more than 64,000 engineers, programmers and other technology employees subsequently was filed against all the companies involved in the original Justice Department investigation. Intuit, Pixar and another company, Lucasfilm, negotiated a $20 million settlement of the claims against them a few months ago, and last week, the remaining defendants reached a settlement that still hasn't been disclosed. Media outlets citing unidentified people familiar with the terms say Google, Apple, Intel and Adobe collectively will pay about $325 million to settle the suit, which was seeking up to $9 billion.

Although eBay wasn't targeted in the class-action suit, evidence in the case revealed that former CEO Meg Whitman had complained to Google about its attempt to lure away the company's employees.

In a sworn deposition, former Google CEO Eric Schmidt said Whitman was "particularly incensed" about a recruiter's attempt to hire Maynard Webb, then eBay's chief operating officer. In a September 2005 email summarizing a phone conversation between the two executives, Schmidt wrote that "Google is the talk of the valley because we are driving up salaries across the board."

Schmidt concluded the email by saying he had decided the recruiter who infuriated Whitman should be fired. "This was a rough call from a good friend," Schmidt wrote. "We need to get this fixed."

In the Justice Department case, officials say, Whitman complained after Intuit sent a recruiting flyer to an eBay employee and urged Intuit founder Scott Cook to "remind your folks not to send this stuff to eBay people."

Cook apologized and said he would "find out how this slip-up occurred again."

___

AP Technology Writer Michael Liedtke contributed to this report.

 
Update
10

7 weeks ago

RM47mil KWSG contributions still unclaimed

Jun 9 2014 7:54am CDT | Source: Business Times Malaysia

KUALA LUMPUR: About RM47 million of contributions in the Teachers Provident Fund (KWSG) still remain unclaimed, the Dewan Rakyat was to ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
9

7 weeks ago

Gold shop lost almost RM1mil

Jun 9 2014 3:50am CDT | Source: Business Times Malaysia

KANGAR: A gold shop owner lost almost RM1 million after after the safe on in his shop was broken into b ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
8

7 weeks ago

Motion to debate MAS losses in Dewan Rakyat rejected

Jun 9 2014 3:39am CDT | Source: Business Times Malaysia

KUALA LUMPUR: AN emergency motion to debate the losses incurred by Malaysia Airlines last year, amounting to RM1.2 billion was rejecte ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
7

7 weeks ago

MH370 Tragedy: Hisham: RM27.6 mil spent on 1st phase of SAR

Jun 9 2014 2:11am CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia spent some RM27.6 million in its first phase of the search operations for missing Malaysia Airline flight MH370, said Acting Transport Minister, Datuk Seri Hishammuddin Hussein ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
6

7 weeks ago

9.1m litres of diesel seized in a month

Jun 8 2014 1:11am CDT | Source: Business Times Malaysia

PUTRAJAYA: The Domestic Trade, Cooperatives, and Consumerism ministry has seized some 9.1 million litres of diesel and property worth RM58 million since mounting ‘Operasi Diesel Selatan’ in the ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
5

7 weeks ago

Girl, 9, awarded RM2.78m compensation for medical negligence

Jun 6 2014 4:56am CDT | Source: Business Times Malaysia

KUALA LUMPUR: A nine-year-old girl who suffered brain damage during her birth at a government hospital was awarded over RM2.78 million in com ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
4

7 weeks ago

Malaysia's total trade in April up 12pc

Jun 5 2014 11:52pm CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia's total trade in April 2014 rose by 12 per cent from a year ago to RM123.86 billion due to growing trading activities, International Trade and Industry Minister Datuk ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
3

7 weeks ago

Works Ministry to spend RM20m for upgrading works at 50 accident black spots

Jun 4 2014 11:35pm CDT | Source: Business Times Malaysia

JOHOR BARU: The Works Ministry will implement upgrading works at 50 accident prone locations in the country that have been identified this year involving an allocation ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
2

8 weeks ago

Najib launches loan scheme for Ramadan traders

Jun 4 2014 10:24pm CDT | Source: Business Times Malaysia

PUTRAJAYA: Prime Minister Datuk Seri Najib Razak today launches RM45 million Ramadan Bazaar Sche ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
1

8 weeks ago

Residents bring up objection against Kidex to Suhakam

Jun 4 2014 4:49am CDT | Source: Business Times Malaysia

PETALING JAYA: A group of 20 Petaling Jaya residents held a meeting with the Human Rights Commission of Malaysia (Suhakam) over their objection against the proposed RM2.2 billion Kinrar ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 

Don't miss ...

 

<a href="/latest_stories/all/all/31" rel="author">Associated Press</a>
The Associated Press (AP) is one of the largest and most trusted sources of independent newsgathering, supplying a steady stream of news to its members, international subscribers and commercial customers.

 

blog comments powered by Disqus

Latest stories

China's yuan weakens
Beijing, July 31 (IANS) The value of the Chinese currency renminbi, or the yuan, weakened by 30 basis points to 6.1675 against the US dollar in its central parity Thursday, authorities said.
 
 
'Brazil needs political reform, modernisation'
Brasilia, July 31 (IANS) Brazilian President Dilma Rousseff said Wednesday that the country needed political reform and modernisation to limit state bureaucracy and spur economic activity.
 
 
OPEC daily basket price closes tad higher
Vienna, July 30 (IANS) The basket of 12 crude oils of the Organization of Petroleum Exporting Countries (OPEC) stood at $105.44 a barrel Tuesday, against $105.22 last Thursday, according to the OPEC Secretariat.
 
 
Moscow calls US sanctions 'illegitimate'
Moscow, July 30 (IANS) The economic sanctions imposed by the United States are a revenge on Russia, the country's foreign ministry said Wednesday.
 
 
 

Latest from the Network

Bolt calls report nonsense, editor stands by it
Glasgow, July 31 (IANS/CMC) A row has broken out in Glasgow over comments a newspaper claimed were made by Jamaican sprinter Usain Bolt to describe the Commonwealth Games that are currently on here. The Times reporter...
Read more on Sport Balla
 
China's yuan weakens
Beijing, July 31 (IANS) The value of the Chinese currency renminbi, or the yuan, weakened by 30 basis points to 6.1675 against the US dollar in its central parity Thursday, authorities said. In China's foreign...
Read more on Business Balla
 
'Brazil needs political reform, modernisation'
Brasilia, July 31 (IANS) Brazilian President Dilma Rousseff said Wednesday that the country needed political reform and modernisation to limit state bureaucracy and spur economic activity. At a forum held at the...
Read more on Politics Balla
 
Grondona's death sad day for football: Messi
Buenos Aires, July 31 (IANS) Argentine football star Lionel Messi Wednesday said the death of the longtime president of the Argentine Football Association (AFA), Julio Grondona, was "a sad day for football". He was 82...
Read more on Sport Balla
 
Moscow urges Kiev for OSCE observers' safety
Moscow, July 31 (IANS) Russian government Wednesday urged the Ukrainian side to immediately stop military operations to ensure the security of observers of the Organisation for Security and Cooperation in Europe (OSCE...
Read more on Politics Balla
 
Lily Allen's 'Bridget Jones' soundtrack scrapped
London, July 31 (IANS) Singer Lily Allen's soundtrack for a planned "Bridget Jones" musical has been dropped. The "Smile" hitmaker penned a score for the stage show based on the novel by Helen Fielding, but after...
Read more on Celebrity Balla
 
US denounces shelling of UN school in Gaza
Washington, July 31 (IANS) The US Wednesday condemned the shelling of a UN school in Gaza but refused to pinpoint Israel for it. The US does condemn the shelling of a UN school in Gaza which reportedly killed and...
Read more on Politics Balla
 
Downey Jr. want to go shopping for daughter
Los Angeles, July 31 (IANS) Actor Robert Downey Jr. wants to take out time to shop for his unborn baby girl. The 49-year-old and wife Susan Levin will welcome a daughter in November and the former is planning to...
Read more on Celebrity Balla
 
US House approves lawsuit against Obama
Washington, July 31 (IANS) The US House Wednesday approved a lawsuit against President Barack Obama over alleged abuse of executive power. The 225-201 vote fell along party lines, with five Republicans voting against...
Read more on Politics Balla