Intel Shareholders Blame Execs For Antitrust Woes

Law360, New York (February 14, 2008, 12:00 AM EST) -- Shareholders of Intel Corp. are suing top executives of the microprocessor giant for allegedly engaging in monopolistic behavior that put the company in the crosshairs of angry consumers and competition watchdogs across the globe.

The suit, filed derivatively on behalf of the company, accuses Intel's board of directors and senior officers of breaching their fiduciary duties by “threatening, coercing and bribing” customers in order to drive rivals out of the microprocessor market, exposing the computer chip maker to litigation and regulatory investigations.

“As a direct result...
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