Statement From Attorney General Cuomo On The Ftc's Action Against Intel
“I applaud today’s action by the FTC against Intel, which has repeatedly engaged in unfair practices and has used its monopoly power to maintain a stranglehold on this vital marketplace. The FTC’s action reinforces the allegations we made in our lawsuit against Intel and adds momentum to the effort to stop Intel’s illegal activities and restore competition to the market.”
Background: On November 4, 2009, Attorney General Cuomo filed a federal antitrust lawsuit against Intel Corporation, charging that Intel violated state and federal anti-monopoly laws by engaging in a worldwide, systematic campaign of illegal conduct to maintain its monopoly power and prices in the market for microprocessors. The lawsuit is the result of an investigation commenced by Attorney General Cuomo in January 2008.