Shareholders Cry Foul At Intel Derivative Settlement

Law360, New York (July 8, 2010, 5:17 PM EDT) -- Two Intel Corp. shareholders have objected to a proposed settlement to a shareholder derivative class action over the company's numerous antitrust fines, saying the deal is inadequate because it doesn't provide any money for shareholders.

Shareholders William Kelley Puls and Christine del Gaizo both filed objections to the settlement Tuesday.

The deal calls for Intel to pay the plaintiffs' legal fees and to institute new corporate governance measures designed to prevent future antitrust violations. It does not provide any monetary payment to Intel's shareholders.

The settlement...
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