Bullish on Intel

2022-06-22

U.S. chipmaker Intel has filed a claim for 593 million euros ($624 million) in interest from the European Commission, five months after it convinced Europe's second-top court to scrap a 1.06-billion-euro EU antitrust fine, an EU filing showed.

Europe's top court paved the way for such damage demands last year in a landmark ruling which ordered the EU executive to pay default interest on reimbursed fines in annulled antitrust cases.

Judges said late payment of interest will itself incur interest as well.

Intel in its application to the Luxembourg-based General Court said the Commission, which acts as the competition watchdog in the 27-country European Union, had refused to reimburse the company the default interest.

The Commission returned $1.2 billion to Intel after its court defeat in January this year.

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Comments

蒋小鱼
2022-06-22
蒋小鱼
thanks for sharing
SalTheFun
2022-06-22
SalTheFun
Wow….. almost applied to most of the share?
A_Isopod
2022-06-23
A_Isopod
[财迷]
Skai
2022-06-22
Skai
😁
raybcs
2022-06-22
raybcs
Thanks
AndrewL
2022-06-22
AndrewL
Nice

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Europe's top court paved the way for such damage demands last year in a landmark ruling which ordered the EU executive to pay default interest on reimbursed fines in annulled antitrust cases. Judges said late payment of interest will itself incur interest as well. Intel in its application to the Luxembourg-based General Court said the Commission, which acts as the competition watchdog in the 27-country European Union, had refused to reimburse the company the default interest. The Commission returned $1.2 billion to Intel after its court defeat in January this year.<img src=\"https://community-static.tradeup.com/news/8244a964b917f01be0325dffffe03bf9\" tg-width=\"-1\" tg-height=\"-1\"></body></html>","htmlText":"<html><head></head><body><a href=\"https://laohu8.com/S/INTC\">$Intel(INTC)$</a> BullishU.S. chipmaker Intel has filed a claim for 593 million euros ($624 million) in interest from the European Commission, five months after it convinced Europe's second-top court to scrap a 1.06-billion-euro EU antitrust fine, an EU filing showed. Europe's top court paved the way for such damage demands last year in a landmark ruling which ordered the EU executive to pay default interest on reimbursed fines in annulled antitrust cases. Judges said late payment of interest will itself incur interest as well. Intel in its application to the Luxembourg-based General Court said the Commission, which acts as the competition watchdog in the 27-country European Union, had refused to reimburse the company the default interest. The Commission returned $1.2 billion to Intel after its court defeat in January this year.<img src=\"https://community-static.tradeup.com/news/8244a964b917f01be0325dffffe03bf9\" tg-width=\"-1\" tg-height=\"-1\"></body></html>","text":"$Intel(INTC)$ Bullish U.S. chipmaker Intel has filed a claim for 593 million euros ($624 million) in interest from the European Commission, five months after it convinced Europe's second-top court to scrap a 1.06-billion-euro EU antitrust fine, an EU filing showed. Europe's top court paved the way for such damage demands last year in a landmark ruling which ordered the EU executive to pay default interest on reimbursed fines in annulled antitrust cases. Judges said late payment of interest will itself incur interest as well. Intel in its application to the Luxembourg-based General Court said the Commission, which acts as the competition watchdog in the 27-country European Union, had refused to reimburse the company the default interest. 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