Intel Will Try to Overturn EU Anti Trust Fine Arguing Regulators Withheld Evidence

“Intel Corp., (INTC) the world’s largest maker of computer chips, will seek to overturn a record European Union 1.06 billion-euro ($1.34 billion) antitrust fine, arguing regulators withheld evidence and failed to give the company the chance to fully defend itself.

Intel will ask the EU General Court in Luxembourg at a hearing starting today to throw out the European Commission’s ruling that its use of rebates violated EU antitrust rules. Intel said the EU failed to use mitigating evidence or to allow it respond to all of the allegations.”

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