Nitro
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Total Posts
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11960
- Joined: Dec 30, 2005
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Nintendo fined $234 million by EU for price fixing...
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May 21, 2008 04:09
Nintendo has contested a 149.1 million euro ($232 million) fine it received from EU regulators in 2002 for price fixing.
ImageNintendo said that the fine, which it received for colluding with seven distributors to raise prices of games and consoles between 1991 and 1998, was one of the biggest single fines in EU competition law.
" The penalty was unfair, illegal, even shocking," Ian Forrester, a lawyer for Nintendo, told the European Court of First Instance in Luxembourg on Monday.
According to a Bloomberg report, the Brussels-based European Commission said that the penalty reflected Nintendo' s position as producer and supplier.
" The fine was not of a capricious nature, or based on wild estimates," said Xavier Lewis, a lawyer for the commission. " This fine was for an infringement that was considered very serious."
LINK Now normally i wouldn' t give a damn, but this is why i could only afford to buy a new N64 game once every month  I paid £70 ($137) for Turok 2 (and even more for Perfect Dark when that was released in 2000 - although they' re only talking about 91 - 98) and had a Saturn and PlayStation habbit to feed too. I wasn' t happy.
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