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What will be the total amount of fines and settlements aerospace companies pay related to no-poach agreements by end of 2024?
3
Resolution / Starting Odds
Less than $50 million • 25%
$50 million to $100 million • 25%
$100 million to $200 million • 25%
More than $200 million • 25%
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Engineering Firms, Pratt & Whitney Settle US No-Poach Lawsuit for $26.5 Million
Jul 15, 2024, 08:12 PM
Four engineering firms have agreed to pay a combined $26.5 million to settle a proposed US class action lawsuit alleging they conspired to restrict hiring through 'no-poach' agreements. The lawsuit, which also involves RTX unit Pratt & Whitney, accuses the firms of artificially suppressing wages for tens of thousands of current and former aerospace workers. The settlement highlights ongoing legal challenges related to employment practices and antitrust regulations in the aerospace industry.
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