Intel has argued in front of the European General Court that its 2009 antitrust fine should be overturned. The basis of Intel’s appeal is procedural: it claims that the European Commission withheld mitigating evidence, such as favorable witness testimony and potentially exculpatory documents, and should have allowed Intel an additional hearing to let the company respond to all of the allegations.
The fine, 1.06 billion euros ($1.34 billion), was calculated at 4 percent of Intel’s 2008 sales and set a record for the European Union’s largest antitrust fine.
The European Commission had ruled that Intel’s 2002-2005 use of loyalty rebates to computer makers such as Dell, HP, and Lenovo was unfair and abusive. Intel’s practices had excluded rival Advanced Micro Devices (AMD). Intel settled a U.S. lawsuit with AMD for $1.25 in 2009, and also settled with the FTC in 2010.
Full content: Businessweek
Related content: Headline-Grabbing Intel Fine Hides Article 82 EC Enforcement Concerns
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Justice Department Moves to End NCAA Transfer Rule
May 30, 2024 by
CPI
Kenya’s Competition Authority Proposes Tougher Regulations on Big Tech
May 30, 2024 by
CPI
KKR Secures EU Antitrust Approval for $24 Billion Acquisition of Telecom Italia’s Fixed-Line Network
May 30, 2024 by
CPI
European Court Sides with Tech Giants in Italian Regulatory Dispute
May 30, 2024 by
CPI
US Steel and Nippon Steel Secure International Approvals for $14.9B Merger
May 30, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Merger Guidelines Retrospective
May 21, 2024 by
CPI
Mergers of Complements
May 21, 2024 by
CPI
Personality Traits, Private Equity, and Merger Analysis
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Lessons in the Importance of Incipiency, Modern Economics, and Monopsony
May 21, 2024 by
CPI
The 2023 Merger Guidelines: Sharpening Merger Analysis
May 21, 2024 by
CPI