Intel Fights Record $1.2 Billion Antitrust Fine at Top EU Court
- Chipmaker says 2009 EU fine was unfair, wrong and formalistic
- EU lower court two years ago backed EU regulator’s decision
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Intel Corp. attacked the European Commission for being unfair in a probe that led to a record 1.06 billion-euro ($1.2 billion) fine.
The key issue in the investigation was loyalty rebates to lower retail prices, Daniel Beard, a lawyer for Intel, told the European Union’s Court of Justice in Luxembourg on Tuesday. But the European Commission failed to analyze “all relevant circumstances” to see if the rebates shut out rivals, he said.