FTC in Talks with Intel to Settle Antitrust LawsuitBy Channel Insider Staff | Print
Intel and the Federal Trade Commission have suspended legal proceedings related to the lawsuit filed by the federal regulators against the chip maker while the two sides try to negotiate a settlement. In a statement released June 21, Intel officials said the two sides agreed to file a joint motion to suspend the administrative trial proceedings to give the parties time to negotiate. According to Intel, the motion calls for suspending the proceedings until July 22.The FTC filed a lawsuit in December 2009 accusing Intel of anti-competitive business practices intended to stifle competition from AMD and Nvidia. Intel and the FTC have now filed a joint motion to suspend the legal proceedings while the two sides work to negotiate a settlement.
Intel's statement indicated that a consent order has been proposed, and will be a key topic of discussion during the negotiations. However, terms of the proposed consent order were not released.
To read the original eWeek article, click here: Intel, FTC in Talks to Settle Antitrust Lawsuit