SANTA CLARA (dpa-AFX) - Intel Corp. (INTC) announced that the New York Attorney General have agreed to terminate the lawsuit alleging violation of U.S. and state antitrust laws that was filed in November 2009. Intel has agreed to pay $6.5 million that is intended to cover some of the costs incurred by the New York Attorney General in the litigation.
Doug Melamed, senior vice president and general counsel at Intel, said, 'Following recent court rulings in Intel's favor that significantly and appropriately narrowed the scope of this case, we were able to reach an agreement with New York to bring to an end what remained of the case. We have always said that Intel's business practices are lawful, pro-competitive and beneficial to consumers, and we are pleased this matter has been resolved,'
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