In a deal resolving one of the last remaining governmental antitrust actions against chip giant Intel, New York's Attorney General has settled its suit against the Santa Clara company, which has agreed to pay $6.5 million to cover some of New York's legal costs in the dispute. Intel didn't admit wrongdoing in the agreement, which follows a December court ruling that had significantly scaled back the scope of the suit.
- Read the article: MercuryNews.com
By Steve Johnson sjohnson@mercurynews.com
Posted: 02/09/2012 03:17:20 PM PST Updated: 02/09/2012 03:17:22 PM PST
In a deal resolving one of the last remaining governmental antitrust actions against chip giant Intel (INTC), New York's Attorney General has settled its suit against the Santa Clara company, which has agreed to pay $6.5 million to cover some of New York's legal costs in the dispute.
Intel didn't admit wrongdoing in the agreement, which follows a December court ruling that had significantly scaled back the scope of the suit. The deal -- which was dated Wednesday but announced by Intel on Thursday -- also does not require the company to alter its business practices, despite New York's claim when it filed the action in 2009 that Intel's marketing practices were unfairly designed to hinder sales of chips by Sunnyvale-based Advanced Micro Devices.
"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," said Doug Melamed, Intel's general counsel in a statement issued by the company.
Officials with the New York Attorney General's Office could not be reached for comment.
Intel spokesman Sumner Lemon said the only remaining antitrust actions that Intel still faces from governmental regulators is its appeal of a $1.45 billion European fine and a $25 million fine imposed by the Korea Fair Trade Advertisement Commission in 2008.
In 2010, Intel and the U.S. Federal Trade Commission settled an FTC suit accusing the company of a campaign to shut its rivals out of the market. And in 2009, Intel agrees to pay AMD $1.25 billion to settle that company's antitrust and patent disputes.
In 2005, Japan's Fair Trade Commission also accused Intel of violating antitrust regulations. Intel denied the claim but agreed to change its practices.
Some individual consumer suits over Intel's marketing practices also are pending.
Contact Steve Johnson at sjohnson@mercurynews.com or 408-920-5043
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