June 12 Verdict On Intel’s $1.47bn EC Fine Appeal
On June 12, the European General Court will announced its verdict on Intel’s appeal against its 2009 $1.47 billion fine for anti-competitive behaviour in the x86 processor market.
Intel has asked for the fine to be reduced, or nullified.
When it made its case to the appeal court Intel’s lawyer relied heavily on adverbs.
“The quality of evidence relied on by the Commission is profoundly inadequate. The analysis is hopelessly and irretrievably defective,” he said.
It’s taken the court a couple of years to decide how profoundly, hopelessly and irretrievably deficient the evidence was.
On June the 12th we will know . . . .for a while.
If the General Court decides that the evidence of foul play was, in fact, perfectly adequate to justify the fine, then Intel can appeal to the EU Court of Justice.