At the close of January 2022, Intel successfully contested a fine exceeding one billion Euros that was originally issued in 2009. The Luxembourg-based General Court had previously decided to overturn the European Commission's penalty. They criticized the way the Commission analyzed Intel's rebates to companies like Dell, HP, NEC, and Lenovo, arguing that it misinterpreted these actions as attempts to hinder AMD's presence in the market. Now, it seems that the final blow has been dealt to the European Commission's allegations, at least in this instance.
Court Decision Finalized
"The Court of Justice dismisses the Commission’s appeal, thereby upholding the judgment of the General Court," noted Reuters earlier today. A few months back, a court advisor shared his views on the swift actions of EU regulators, pointing out that they seemed to have rushed their decisions without performing a thorough economic analysis.
Intel's Stock Performance
For anyone interested in the legal documents associated with this case, they should search for "T-286/09 P Intel Corporation v Commission." This search will yield a wealth of helpful information, especially for those studying cyberlaw. For others, the key takeaway is that Intel has emerged victorious. Despite experiencing a more than 50% decline in the past year, the tech giant is showing signs of recovery in the stock market. Intel's stock increased by a respectable 1.64% today, closing at $22.34 per share.
