Intel stock on the rise as EU anti-trust probe ends in nothing
At the end of January 2022, Intel won the legal fight against the fine of more than one billion Euros that had been issued in 2009. Back then, the Luxembourg-based General Court decided to dismiss the European Commission's penalty, criticizing the analysis that led them to conclude that Intel's rebates to Dell, HP, NEC, and Lenovo were an attempt to block AMD in the region. Now, the time has come for the final nail in the coffin of the European Commission's claims, at least in this case.
"The Court of Justice dismisses the Commission’s appeal, thereby upholding the judgment of the General Court,"
quoted Reuters earlier today. A few months ago, an adviser to the court expressed his opinion regarding the past actions of the EU regulators, which were apparently rushed and failed to conduct a proper economic analysis.
Those who want to check the documents connected to this case should look up "T-286/09 P Intel Corporation v Commission" and they will bump into plenty of useful results, especially if they're studying cyberlaw. For the others, it's enough to say that Intel has finally managed to come on top and, despite its drop of over 50% in the last year, the tech giant is making a noticeable comeback on the stock market as well. Intel stock went up by a decent 1.64% for the day, closing at $22.34 per share.
Returning to those who might be interested in similar cases, they can grab the comprehensive (779 pages) book Antitrust: Principles, Cases, and Materials (2d Edition) by Daniel Francis and Christopher Jon Sprigman. Sadly, it is only available in paperback form but has a wallet-friendly price of $23.74.