Intel To Pay Millions To Settle Pentium 4 False Ad Suit
Law360, Los Angeles (July 17, 2014, 4:28 PM EDT) -- Intel Corp. will pay $15 to each member of a class action alleging it falsely advertised its Pentium 4 microprocessor, according to a document detailing the settlement of the decadelong case and filed Wednesday in California court.
According to the plaintiffs' memorandum asking for preliminary approval of the deal, Intel reached the agreement with plaintiffs — who bought computers equipped with a first-generation Pentium 4 processor between November 2000 and June 2002 — a day before the trial was scheduled to begin.
Intel will also pay $4 million to a nonprofit organization for computer equipment containing Intel microprocessors for educational uses....
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