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Intel appeals European Commission 1.06 billion euro fine for antitrust violations

By Bernard Hibbitts (editor) and University of Pittsburgh School of Law students.

[JURIST] Computer chip maker Intel Corp. on Wednesday filed an appeal with the European Court of First Instance challenging a May European Commission (EC) ruling fining Intel €1.06 billion [JURIST] for violating European Union antitrust laws. The EC ruled that Intel violated the laws by giving computer companies rebates to purchase nearly all of their supplies from Intel and paying companies not to use products made by Advanced Micro Devices (AMD), Intel's main competitor. The appeal has not been made public, but Intel spokesperson Chuck Mulloy said that one of the arguments was that the fine is excessive and in violation of European human rights law. The court will likely issue a summary of the appeal in September. Intel has faced numerous antitrust suits. Last June, the US Federal Trade Commission (FTC) opened a probe against Intel for anti-competitive behavior. Last year, the Korean Fair Trade Commission (KFTC) fined Intel nearly $26 million after a KFTC probe found that the company had engaged in anti-competitive practices. The state of New York opened an antitrust probe into Intel's actions and AMD also filed a civil suit against the company last year.

Full post as published by JURIST - The Paper Chase on July 23, 2009 (boomark / email).