The Joseph Saveri Law Firm is investigating Taboola Inc. regarding its hiring practices and possible agreements with one or more of its competitors not to hire and/or recruit one another’s employees. Taboola provides advertising services, including content recommendation, to connect content creators with content publishers and generate revenue for some of the world’s most-visited websites.
In a recent filing with the U.S. Securities and Exchange Commission (SEC), Taboola reported that it is cooperating with the U.S. Department of Justice’s (DOJ) Antitrust Division regarding a criminal investigation of Taboola’s hiring practices, as well as other companies within Taboola’s industry.
In labor markets, workers benefit from a competitive environment: Ideally, employers compete among themselves to hire employees who have the training and skills to enhance the employers’ services and brands. As a result, these employees are able to obtain higher compensation and benefits. In contrast, “no-poach” agreements suppress wages for employees who might seek better opportunities with competing employers but are not hired, or are not recruited, due to the conspiracy. No-poach agreements suppress compensation even for employees who did not seek other job opportunities because companies can maintain lower wages across the entire company.
In recent years, the DOJ and the Federal Trade Commission have stepped up their enforcement of anticompetitive conduct in the labor market, declaring that “[g]oing forward, the DOJ intends to proceed criminally against naked wage-fixing or no-poaching agreements.” Earlier this year, the DOJ indicted Surgical Care Affiliates Inc., which operates around 230 outpatient surgical facilities across the country, for allegedly entering into a no-poach agreement with its competitors. Our Firm represents a proposed class of current and former employees of Surgical Care Affiliates and its co-conspirators seeking to recover suppressed wages.
Individuals who worked for Taboola Inc. or any of its participating competitors may have been impacted by these illegal and anticompetitive agreements. Please contact the Firm by completing the form below if:
- You might have knowledge of an agreement by your past or present employer not to recruit or hire from a competitor; or
- You want to learn more information about our investigation into these possible no-poach agreements.
Any information you provide to us will be kept strictly confidential as provided by law.
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