Intel, FTC Ready to Kiss and Make Up in Antitrust Dispute
Intel, FTC Ready to Kiss and Make Up in Antitrust Dispute
Posted 06/23/2010 at 5:18am
| by Paul Lilly
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An antitrust lawsuit filed against Intel by the U.S. Federal Trade Commission may not go to court after all, not if the two sides can agree on a settlement.
That seemed unlikely just a short time ago, but in a statement earlier this week, Intel said lawyers for both sides have gone and filed a joint motion to suspend trial proceedings while the two parties try to hammer out a settlement they each can live with.
Terms of the proposed order are considered confidential, and neither side is willing to comment any further. What is known, however, is that the motion gives Intel and the FTC until July 22 to review the case and cut a deal.
The original complaint dates back to late 2009. Shortly after Intel settled antitrust and patent disputes with AMD for $1.25 billion, the FTC filed complaints of their own charging the world's largest microprocessor player with anti-competitive business practices.
Image Credit: msabo.com
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