NY Attorney General Has Filed Antitrust Lawsuit Against Intel
9th November 2009
New York's Attorney General Andrew Cuomo has now filed one federal antitrust lawsuit against the microprocessor maker Intel, by alleging that this company has been engaged in one systematic campaign of the illegal conduct for protecting a monopoly.
Cuomo's lawsuit, which was filed in the U.S. District Court for District of Delaware on Wednesday, has alleged that the Intel has extracted exclusive agreements from the large computer makers and has threatened to punish those who are perceived to be working very closely with the Intel competitors.
Intel has also given computer makers payments by totalling billions of dollars in the exchange for exclusive agreements, and this company has threatened for cutting off the payments to computer makers or the funding of their competitors when they would be working with some other microprocessor makers as alleged by the lawsuit. Cuomo's lawsuit has come less than two weeks after the news reports which say that the U.S. Federal Trade Commission is now considering the filing of a formal complaint against the Intel Inc.
Cuomo has said in one statement that rather than competing fairly, Intel has been using bribery and also coercion in order to maintain stranglehold on the market. The actions of Intel are not just unfairly restricting potential competitors, but are also hurting the average consumers who had been robbed of some better products and the lower prices. Such illegal tactics must be stopped and the competition should be restored to the vital marketplace.
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