In what could be the first settlement of its kind, Duke University has agreed to pay $54.5 million to resolve a class action over an alleged illegal employee-poaching agreement with the University of North Carolina after the U.S. Department of Justice intervened in the antitrust case.
The proposed settlement, filed Monday, comes the same day that the DOJ filed a motion to intervene in the class action in order to enforce injunctive relief that would prohibit Duke and UNC from signing “no-poach” employee agreements during the next five years. The case is one of several in which the DOJ has filed statements of interest seeking to clarify the standard of review that judges should use in evaluating whether an agreement violates the federal antitrust law, the Sherman Antitrust Act.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]