Fortress Beats Intel Antitrust Suit Over Patent Purchases

By Ryan Davis (September 28, 2021, 8:51 PM EDT) -- A California federal judge entered judgment in favor of Fortress Investment Group on Tuesday in Intel's suit accusing the hedge fund of running an anti-competitive patent aggregation scheme, a decision that came less than two weeks after a hearing where Fortress argued the claims were entirely speculative.

Chipmaker Intel lost its suit accusing Fortress Investment Group of running an anti-competitive patent scheme when a California judge found in favor of the hedge fund. (AP Photo/Paul Sakuma) Judge Edward M. Chen of the Northern District of California filed his opinion under seal, issuing only a brief order saying that he had granted a...

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