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mcgrathdylan
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re: Intel wins ruling in class action suit
mcgrathdylan   7/30/2010 2:24:28 AM
NO RATINGS
I don't believe Intel and the FTC have reached a firm settlement, though they reportedly have a deal basically in place. They recently extended the deadline for a settlement until Aug. 6. In any case I'm not sure how big a role that settlement would have played here. The judge decided that these plaintiffs--a bunch of people who said Intel's tactics resulted in them paying more for their PCs--do not meet the requirements for being considered a "class." One of the reasons (there are several of them in the 110 page document) the judge cited is that class certification is appropriate only where the primary relief being sought is declaratory or injunctive, whereas these plaintiffs were primarily seeking monetary damages.

bolaji.ojo
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re: Intel wins ruling in class action suit
bolaji.ojo   7/29/2010 11:15:34 PM
NO RATINGS
Intel already reached a settlement with regulators on similar complaints brought by rival microprocessor vendor Advanced Micro Devices. This may partly explain why the planned lawsuit is being dismissed.



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