New York Attorney General Filed Antitrust Lawsuit Against Intel (INTC)

11/4/2009 - New York's Attorney General Andrew M. Cuomo has filed an antitrust lawsuit against Intel Corp. (NASDAQ:INTC) claiming that the company used "illegal threats and collusion" to dominate the computer microprocessor marketplace. Cuomo claims that the company tried to prevent the sale of competitors' products by paying billions of dollars in kickbacks to computer manufacturers. According to Cuomo, the company's practices were revealed in internal e-mails obtained in an investigation that has lasted for nearly two years. The EU fined Intel $1.45 billion on similar charges in May.

Write to Chip Brian at cbrian@tradethetrend.com

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