US FTC: FTC Staff and Intel reach proposed settlement of litigation.

0 Comments | M2 Presswire, March, 1999

M2 PRESSWIRE-10 March 1999-US FTC: FTC Staff and Intel reach proposed settlement of litigation (C)1994-99 M2 COMMUNICATIONS LTD RDATE:080399 Federal Trade Commission lawyers and the Intel Corporation today jointly filed a motion with the Commission's Secretary withdrawing from adjudication the FTC's case against Intel.

The parties submitted the motion to allow the Commission time to consider a proposed settlement agreed to this weekend by FTC Complaint Counsel and Intel. Commission charges against Intel were announced on June 8, 1998. The following is a statement by William J. Baer, Director of the FTC's Bureau of Competition: "If approved by the Commission, the proposed settlement being recommended by Complaint Counsel and Intel would resolve the...