Settle down
Lawyers for both the FTC (Federal Trade Commission) and Intel have filed a joint motion to suspend trial proceedings resulting from the FTC's action against it for alleged anti-competitive practices last December.
Considering Intel chose to settle out of court to the tune of $1.25 billion with AMD rather than see its complaint make it as far as the courtroom last November, it's no great surprise to see Intel attempt to do the same with the FTC.
Intel will be hoping to close one of the final chapters in a sequence of anti-competitive actions against it, which include a one billion euro fine from the European Commission a year ago. It remains to be seen whether Intel's settlement with the FTC will also conclude the legal conflict between itself and NVIDA, however.
Here's the full statement from Intel:
Lawyers for the Federal Trade Commission (FTC) and Intel Corporation today filed a joint motion to suspend administrative trial proceedings while the parties consider potential settlement of the case originally filed by the FTC on Dec. 16, 2009. The motion opens a window through July 22, 2010, during which time the parties will review and discuss a proposed consent order. The terms of the proposed consent order are confidential and Intel will make no additional public comment on the matter at this time.
