Date: 5th Aug 2010
Intel and U.S. Federal Trade Commission
reach tentative settlement
Intel and the Federal Trade Commission (FTC) have reached
a tentative settlement in the antitrust suit filed by the
Commission December 16. The FTC sued Intel alleging Intel
had violated Section 5 of the FTC Act. The settlement agreement
expressly states that Intel does not admit either any violation
of law or that the facts alleged in the complaint are true.
The agreement approved today by the Commission is subject
to a 30day public comment period and final approval by the
Commission.
"This agreement provides a framework that will allow
us to continue to compete and to provide our customers the
best possible products at the best prices," said Doug
Melamed, Intel senior vice president and general counsel.
"The settlement enables us to put an end to the expense
and distraction of the FTC litigation."
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