Intel settles NY antitrust case for just $6.5 million

Reuters News
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Posted: Feb 09, 2012 5:18 PM
Intel settles NY antitrust case for just $6.5 million

(Reuters) - Intel Corp agreed to pay just $6.5 million to resolve an antitrust lawsuit by New York's attorney general that accused the world's largest chipmaker of threatening computer makers and paying billions of dollars of kickbacks to maintain its market dominance.

The settlement ends a November 2009 lawsuit filed by Andrew Cuomo, New York attorney general at the time and now its governor. Eric Schneiderman, the current attorney general, took over the case when he succeeded Cuomo in that position.

In December, a Delaware federal judge threw out parts of New York's case, limiting damages and the timespan for computer purchases. New York responded at first by proposing a complete dismissal so that it could refile the case in a state court.

Intel said it did not admit to any of the allegations or any violation of law in agreeing to settle. The Santa Clara, California-based company also said the accord does not require it to change how it does business.

Schneiderman was not immediately available for comment.

(Reporting By Karen Freifeld and Jonathan Stempel in New York; Editing by Richard Chang)