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February 10, 2012

Intel settles NY antitrust case for $6.5m

It terminated the suit brought in 2009 against it by the then New York attorney general Andrew Cuomo

By CBR Staff Writer

Intel agreed to pay $6.5m as part of a settlement to the New York state attorney general to end an antitrust suit brought against it.

Intel said the agreement terminating the suit brought in November 2009 by Andrew Cuomo, the then New York’s attorney general, expressly states that Intel does not admit either any violation of law or that the allegations in the complaint are true.

Intel senior vice president and general counsel Doug Melamed said they had always maintained that Intel’s business practices are lawful, pro-competitive and beneficial to consumers, and Intel is pleased this matter has been resolved.

New York Attorney General press secretary Jennifer Givner said in a statement that the State was disappointed by the judge’s rulings, but added the claims were dismissed on procedural, not substantive grounds.

"We continue to believe that those claims, which were asserted under the previous administration, had merit, but in light of the court’s decision believe that no purpose is served by pursuing the matter further," said Givner.

Meanwhile, Intel also said the agreement calls for no changes to the way it does business.

The payment of $6.5m is intended only to cover some of the costs incurred by the New York Attorney General in the litigation, added Intel.

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