Legal Niches

Nintendo Price-fixing Fine Lowered by EU Court

By gamepolitics

The U.K.'s Channel 4 News reports that a panel of European Union judges have reduced a price-fixing fine levied against Nintendo in 2002:

The Japanese game maker and seven of its distributors were given fines totalling just over £150 million by the Commission for breaching EU fair competition rules by trying to keep prices artificially high in some countries during the 1990s.

The vast proportion of the total was against the parent company - one of the biggest fines meted out by the EU's powerful fair competition authority to reflect what the Commission said was Nintendo's role as "the driving force behind the illicit behaviour".

But Nintendo appealed to the EU's Court of First Instance in Luxembourg, where judges ruled that the Commission should have taken account of Nintendo's level of co-operation in the price-rigging inquiry.

Nintendo's fine was reduced from £134 million to £107 million.

Via: Edge Online 

Full post as published by GamePolitics.com on May 01, 2009 (boomark / email).