Intel Settles NY Antitrust Case

Posted by samzenpus on Thursday February 9, 2012 @01:23PM from the show-us-the-money dept.

clustermonkey writes "Intel Corporation and the New York Attorney General have agreed to terminate the lawsuit alleging violation of U.S. and state antitrust laws that was filed by the New York Attorney General in November 2009. Intel did not have to admit any violation of law (if there ever was any) nor did it have to admit or deny that the allegations in the complaint are true. Most importantly, the settlement does not require any changes to how the company does business. The settlement includes a $6.5 million payment that is "intended only to cover some of the costs incurred by the New York Attorney General in the litigation." Here's the full settlement, and Intel's official press release."

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Re:Legal Extortion? by jellomizer · 2012-02-09 14:15 · Score: 3, Interesting

Not really upstate NY near Saratoga has a Global Foundry (AMD) chip facility that is expected to revitalize the area around NY capital (Albany). It is just as likely that New York State did the lawsuit just to get rid of the competition.

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