Intel in Talks with FTC to Settle Antitrust LawsuitBy Baselinemag | Posted 2010-06-22 Print
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
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