eBay Inc (NASDAQ:EBAY) Former Employee Investigation Concerning Possible Wrongdoing Announced

Former employees who worked at any time eBay Inc (NASDAQ:EBAY) have certain options and should contact the Shareholders Foundation, Inc.

To have your information reviewed for options and to recieve notifications about this investigation, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
Ebay
Affected Securities: 
NASDAQ: EBAY

October 28, 2014 (Shareholders Foundation) - An investigation on behalf of former employees of eBay Inc (NASDAQ:EBAY) was announced concerning a potential conspiracy among certain technology companies to suppress the wages of their highly skilled workers and employees.

According to the investigation by a law firm the certain former employees of eBay Inc (NASDAQ:EBAY) may have been deprived hundreds of millions of dollars in compensation and may be eligible to file a complaint over violations of Federal Law.

Ebay 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. In September 2014 a court in California has approved a settlement reached earlier this year between eBay and the U.S. Department of Justice. Under the settlement eBay is prevented for five years from entering into or maintaining agreements with other companies that restrain employee recruitment and hiring.

eBay Inc reported that its annual Total Revenue rose from over $11.65 billion in 2011 to over $16.04 billion in 2013 while its Net Income declined from over 43.22 billion in 2011 to over $2.85 billion in 2013. Shares of eBay Inc (NASDAQ:EBAY) grew from $19.26 per share in July 2010 to as high as $51.16 per share in March 2014. Since then NASDAQ:EBAY shares lost value and declined to as low as $48.25 per share in June 2014, respectively $46.95 per share on October 16, 2014.