EU court may decide on 1.06B EUR Intel antitrust case in 2018

Posted on Monday, Jun 26 2017 @ 14:12 CEST by Thomas De Maesschalck
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As you may remember, Intel got a huge 1.06 billion EUR ($1.19 billion) antitrust fine from the EU in 2009 for unfair competition by offering PC makers rebates if they bought most of their processors from Intel.

Intel appealed the decision and the Luxembourg-based General Court, which is the EU's second highest court, rejected Intel's arguments in 2014. Now the case is in the hands of the EU's top court, where Intel will be receiving a final ruling.

Reuters reports the judgment may arrive sometime in 2018. It also looks like the Court of Justice of the European Union (ECJ) may give Intel a more favorable ruling :
"I expect a judgment sometime next year," Marc van der Woude, vice-president at the General Court, told a competition conference organized by Concurrence.

Intel got a boost last year when ECJ court adviser Nils Wahl questioned whether the company's actions had really harmed competition. The court follows such recommendations in four out of five cases.
The decision may also have implications for the antitrust cases against Google and Qualcomm. Both are accused of squeezing out rivals.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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