Friday, June 29, 2012

Ancient EU Dispute Ends With $1B Fine Against Microsoft Upheld

European Union regulators on Wednesday upheld a billion-dollar fine levied against Microsoft. The fine was first issued in 2008 because Microsoft failed to comply with an order that it share product information with its competitors. Microsoft argued that it was not given enough guidance for how to comply, but EU regulators apparently weren't swayed. The company also argued that the fine was excessive. The European General Court, Europe's second-highest court, did lower the fine from 899 million euros to 860 million euros.


Source: http://ectnews.com.feedsportal.com/c/34520/f/632000/s/20c61168/l/0L0Stechnewsworld0N0Crsstory0C754880Bhtml/story01.htm

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