Intel Files $50M Suit Against Insurance Firm

Intel has filed a lawsuit against an insurance company that was supposed to help pay the company’s legal defense bill in its ongoing antitrust lawsuits with AMD. Now the insurance company needs a legal defense fund.

The alleged breach involves the insurance firm's failure to pay for Intel's legal defense related to antitrust lawsuits filed by rival Advanced Micro Devices and consumers. Intel, in the lawsuit filed last week in the U.S. District Court for Northern California, alleges that American Guarantee did not step up to the plate and begin paying for the chip giant's legal costs after it had exhausted $66 million in insurance policies provided by two other insurance carriers.

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