Intel’s $1.3 Billion Rebate Fine Based on EU ‘Experiment’
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Intel Corp. was used as a guinea pig by regulators who imposed a 1.06 billion-euro ($1.3 billion) fine for using rebates to block rivals based on an unproven case, company lawyers told a European Union appeals court.
The European Commission’s 2009 decision to levy the biggest-ever antitrust fine against a single company was based on mistakes and ignored evidence, Intel lawyers have told the EU General Court in Luxembourg over four days of hearings.