A California appellate court on Monday upheld a lower court ruling tossing out a group of long-running shareholder derivative lawsuits against Google Inc. officers and directors.
Plaintiffs sued in 2014 claiming that Google suffered financial losses due to agreements company executives reached with tech rivals to avoid cold calling each other’s employees for recruiting purposes. The suit followed a September 2010 civil antitrust settlement Google and several other companies reached with the Justice Department, under which Google denied any wrongdoing but agreed to cease the no cold call agreements.
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