The Shareholders Foundation announces that an investigation on behalf of former employees of Adobe Systems Incorporated (NASDAQ:ADBE) is ongoing concerning a potential conspiracy among certain technology companies to suppress the wages of their highly skilled workers and employees.
Former employees who worked at any time Adobe Systems Incorporated (NASDAQ:ADBE) have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 – 1554.
According to the investigation by a law firm the certain former employees of Adobe Systems Incorporated (NASDAQ:ADBE) may have been deprived hundreds of millions of dollars in compensation and may be eligible to file a complaint over violations of Federal Law.
Recently a proposed $325 million settlement was rejected in a 2011 lawsuit over alleged antitrust violations by certain companies, including Adobe Systems. The lawsuit alleged that those companies, including Intel, colluding to not hire each other’s highly skilled employees.
Intel and other companies were already targets of a Justice Department antitrust lawsuit in 2010, in which the government contended that their “no solicitation” agreements prevented highly skilled employees from commanding better wages and job opportunities.
Adobe Systems Incorporated reported that its Total Revenue declined from over $4.21 billion for the 52 weeks period that ended on Dec. 2, 2011 to over $4.05 billion for the 52 weeks period that ended on Nov. 29, 2013 and that its respective Net Income declined from $832.85 million to $289.99 million.
Shares of Adobe Systems Incorporated (NASDAQ:ADBE) grew from $22.69 per share in August 2011 to as high as $73.39 per share in September 2014.
On November 7, 2014, 2014, NASDAQ:ADBE shares closed at $71.60 per share.
Those who are former employees who worked at Adobe Systems Incorporated (NASDAQ:ADBE) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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