Apple Inc. (AAPL), Google Inc. (GOOG): What? Worker Poaching? Us? No Way!

Apple Inc. (NASDAQ:AAPL)The former employees of these companies are suing on an antitrust basis, saying these agreements between the companies violate the Sherman Act and the California state Cartwright Act which are both prohibit anti-competitive business practices. Not allowing for competition among companies for employees’ labor is a sticking point so far, but Judge Koh said unless the entire class can demonstrate harm, any claims would have to be handled on a case-by-case basis.

What are your thoughts about any of these hiring agreements between companies like Appel Inc. (NASDAQ:AAPL) and Google Inc. (NASDAQ:GOOG)? Do you think these agreement discourage competition, or are they necessary in the tech industry to protect some trade information? We’d love your thoughts in the comments section below.

DISCLOSURE: I own no positions in any stock mentioned.