Intel Calls EU Case for $1.3 Billion Fine ‘Utterly Hopeless’
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Intel Corp.’s 1.06 billion-euro ($1.3 billion) fine for using rebates to block rivals is based on an “utterly hopeless” and untenable case by European Union regulators, company lawyers told an EU appeals court.
The 2009 decision by the EU’s antitrust regulator was based on claims that are “utter nonsense,” an Intel lawyer told the EU General Court in Luxembourg. Claims that Intel made payments to Lenovo Group Ltd. to cut Advanced Micro Devices Inc. out of the market are baseless and should be overturned.