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Monday, November 19, 2012

Justice Department: eBay Violated Antitrust Laws

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.
According to the department, the agreement eliminated a significant form of competition to the detriment of affected employees who were likely deprived of access to better job opportunities and salaries.
“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.”

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