Sunday, December 23, 2012

Justice Department sues eBay over non-compete agreement | Redux

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Justice Department sues eBay over non-compete agreement

Whither indeed!
Whither indeed! by adrianh
License (according to Flickr): Attribution-ShareAlike License
Excerpt:

The Justice Department is suing eBay Inc. , accusing the company of eliminating a significant form of competition by agreeing with Intuit Inc. not to hire each other's employees. The government says the agreement was enforced at the highest levels of both companies and barred either firm from soliciting each other's employees. The agreement allegedly harmed workers by likely depriving them of access to better jobs and salaries. The two companies compete directly for specialized computer engineers and scientists. Intuit is a financial software company that offers solutions, like accounting software, credit card processing and mobile payments. Some of the company's services are similar to the eBay owned company PayPal. The lawsuit seeks to prevent eBay from enforcing the agreement and from making similar agreements with other companies. According to the complaint filed in federal court in San Jose, Calif. , the agreement was in place from 2006 to 2009.

Justice Department sues eBay over non-compete agreement

Additional Info:

Company: Intuit Inc.

Overall Sentiment: 0.0355283

Relevance: 0.791797

Company: eBay Inc.

Overall Sentiment: -0.0772533

Relevance: 0.670721

Organization: Justice Department

Overall Sentiment: -0.175433

Relevance: 0.348011

City: San Jose

Overall Sentiment: -0.047785

Relevance: 0.626242

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