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: Netflix branches into films with 'Crouching Tiger' sequel

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

The New York Times to cut 100 newsroom jobs

3 hours ago

The New York Times Co. says it is cutting about 100 newsroom jobs through buyouts and layoffs in an effort to trim costs and focus more on its digital efforts.

What's PayPal's first solo move?

22 hours ago

PayPal's impending split from long-time partner eBay Inc. will ratchet up its appeal to online retail competitors such as Amazon.com and give it the freedom to aggressively take on new mobile pay challeng ...

AOL to feed more video, news to Microsoft's MSN

Sep 30, 2014

AOL will provide Microsoft's MSN with more video and additional news stories from popular sites such as The Huffington Post and TechCrunch in an expansion of a deal aimed at selling more digital advertising.

User comments : 0