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Nintendo gets price fixing fine reducedDVDBack23 @ May 02, 2009 03:10 | 3 comments
The fine, given to Nintendo and seven of its European partners, was over price fixing on consoles between 1991 and 1998. Because all parties co-operated with the court ruling, the fine was reduced.
"The Court recalled that the basic amount of the fine may be reduced where the undertaking has effectively cooperated in the proceedings," said the new court decision. "In the contested decision, the Commission took account of John Menzies’s cooperation, with the result that it reduced that undertaking’s fine by 40 per cent.
"The Court held that pursuant to the principle of equal treatment, since Nintendo produced the relevant documents at the same stage of the procedure and its cooperation must be regarded as comparable, it must benefit in this respect from the same level of reduction of fine." |
The large fine imposed on
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Comment by: Pop_Smith (May 02, 2009 17:54) First, it's interesting to see them get in trouble over an older-than-a-decade price fixing.
Quote: Wait... 40%? Apparently the court needs to do it's math again, unless the reduction or other figures are based off something I can't see.
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Comment by: Dura (May 02, 2009 22:48) This might be a dumb question but, where does all the fine money go to? |
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Comment by: blueroad (May 03, 2009 13:51) the european union |
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