The U.S.-based internet corporation known as eBay Inc. violated federal antitrust laws when it entered into an agreement not to recruit or hire Intuit Inc.'s employees, the Justice Department said Friday in a civil antitrust lawsuit.
The Justice Department on Thursday approved Verizon Wireless' $3.9 billion purchase of wireless spectrum from four of the nation's largest cable companies but applied conditions to the deal to protect consumers from reduced competition and higher prices.
The Justice Department on Thursday approved Verizon Wireless' $3.9 billion purchase of wireless spectrum from four of the nation's largest cable companies but applied conditions to the deal to protect consumers from reduced competition and higher prices.
"eBay's agreement with Intuit hurt employees by lowering the salaries and benefits they might have received and deprived them of better job opportunities at the other company," said Acting Assistant Attorney General Joseph Wayland, who heads the department's Antitrust Division. "The Antitrust Division has consistently taken the position that these kinds of agreements are per se unlawful under the antitrust laws."
After that period, the parties can apply to extend the deal, said the acting assistant attorney general for the antitrust division, Joseph Wayland.
