Disney agrees to pay US$100m to end no-poaching lawsuit
Class-action suit alleged that studios conspired to suppress wages
San Francisco
WALT Disney Co agreed to pay US$100 million to resolve claims it colluded with other animation studios to not hire one another's workers in California, where allegations of no-poaching pacts have plagued technology companies for the better part of a decade.
Disney and three of its units are the last remaining defendants in a class-action lawsuit alleging the studios conspired to suppress wages through a "gentleman's agreement" to not recruit each other's workers. Attorneys for Disney and employees submitted a court filing Tuesday seeking…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
Australia wants businesses to diversify after China scraps wine tariffs
Japan drugmaker reports two more deaths in supplement scare
Chanel flap bag now costs more than 10,000 euros in Paris
Florida governor, Disney reach settlement in lawsuit over special district
Kobayashi Pharma ordered to recall red yeast rice pills after 2 deaths
Second Chance Properties H1 profit falls 52.8% to S$4.3 million