NY attorney general ends lawsuit against Intel

Feb 09, 2012

(AP) -- Intel Corp. is paying $6.5 million as part of a deal to terminate an antitrust lawsuit filed against the chip-maker by the New York attorney general's office.

Intel said Thursday that it is not admitting any violation of the law or that the allegations in the complaint are true. It said the agreement does not call for any changes to the way it does business.

The payment is intended to cover some of the costs incurred by the attorney general's office, which filed the lawsuit in 2009.

"We have always said that Intel's business practices are lawful, pro-competitive and beneficial to consumers, and we are pleased this matter has been resolved," Doug Melamed, Intel's senior vice president and general counsel, said in a statement.

The suit alleged that Intel, based in Santa Clara, paid billions in kickbacks to computer makers so that it could dominate the microprocessor market, and that it retaliated against manufacturers who did business with competitors.

Last year, a federal judge in Delaware dismissed several claims against Intel in the New York attorney general's case. The judge then canceled a trial planned for this month while attorneys were working out pending issues.

The attorney general's office on Thursday noted that the case was dismissed on procedural grounds, including statute of limitations, and that it still believes its claims had merit. In a statement, the office said that "in light of the court's decision (we) believe that no purpose is served by pursuing the matter further."

Intel has appealed unfavorable rulings in Europe and South Korea.

Its stock closed up 1 cent at $26.86 on Thursday.

Explore further: 2012 movie massacre hung over 'Interview' decision

not rated yet
add to favorites email to friend print save as pdf

Related Stories

NY files antitrust suit against Intel (Update)

Nov 04, 2009

(AP) -- New York's attorney general hit Intel Corp. with an antitrust lawsuit Wednesday, claiming the company used "illegal threats and collusion" to dominate the market for computer microprocessors.

Intel, FTC in talks to settle antitrust case

Jun 22, 2010

(AP) -- Intel Corp. and the Federal Trade Commission are in talks to settle an antitrust case against the chip maker, a move that could make it more difficult for rival chip makers to pursue damages.

Intel settles AMD claims but isn't off the hook

Nov 12, 2009

(AP) -- Intel Corp. is paying Silicon Valley rival Advanced Micro Devices Inc. $1.25 billion to squash a legal battle over Intel's sales tactics, a rift that led to antitrust charges against Intel in several ...

FTC extends antitrust settlement talks with Intel

Jul 21, 2010

(AP) -- Federal regulators will take at least two more weeks to work out details of a proposed agreement with Intel Corp. to settle charges that the giant chipmaker violated antitrust laws.

Recommended for you

Sony faces 4th ex-employee lawsuit over hack

15 minutes ago

A former director of technology for Sony Pictures Entertainment has sued the company over the data breach that resulted in the online posting of his private financial and personal information.

Sony tells AFP it still plans movie release

1 hour ago

Sony Pictures boss Michael Lynton denied Friday the Hollywood studio has "caved" by canceling the release of "The Interview," and said it still hoped to release the controversial film.

2012 movie massacre hung over 'Interview' decision

14 hours ago

When a group claiming credit for the hacking of Sony Pictures Entertainment threated violence against theaters showing "The Interview" earlier this week, the fate of the movie's big-screen life was all but ...

Clooney slams skittish Hollywood after Sony hack

21 hours ago

Film star George Clooney slammed the Hollywood movie industry for failing to stand up against the cyber threats that prompted Sony Pictures to cancel release of the movie "The Interview."

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.