Apple and Intel file antitrust lawsuit
25.11.2019 | Brianna Bell | 125
Apple and Intel jointly filed an antitrust lawsuit against the Fortress Investment Group Wednesday.
The allegations filed in the US District Court for the Northern District of California are that Fortress has stockpiled patents and sued on those patents demanding as much as $5.1 billion from Apple. The firms connected with Fortress have filed 25 lawsuits against Apple for monetary damages per Apple product sold.
Fortress does not create any technology products. According to the complaint, Fortress collects patents for the sole purpose of suing technology companies and has done so in violation of antitrust laws because it is using the patents for anti-competitive purposes. The complaint claims that patent assertion entities, like Fortress, deter innovation through pursuing meritless litigation. According to the complaint, the costs of the litigation is ultimately passed on to consumers.