Microprocessor maker Intel Corporation has filed a $50 million lawsuit against insurer American Guarantee and Liability Insurance Company (AGLI) alleging that AGLI breached contract by failing to defend Intel in a court action.
But AGLI countersued, claiming it has not received necessary information from Intel to evaluate the claim.
In its complaint filed in the United States District Court, Northern District of California, Intel explains that it has been a defendant in suits brought against it by competitor Advanced Micro Devices (AMD) and various consumers, which Intel collectively referred to as "the AMD Litigation."
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