May 22nd, 2008, 00:40 Posted By: wraggster
The EU has doled out some pretty hefty fines in the past, but it looks like Nintendo is pushing back against the one it got slapped with back in 2002, with the company now saying that it was "unfair, illegal, even shocking." That fine (some 140.1 million Euros, or about $220 million), was the result of some alleged price fixing on Nintendo's part back during the SNES-fueled glory days of 1991 to 1998, during which time European Union regulators say Nintendo colluded with seven different distributors to raise hardware and software prices. For its part, the EU commission maintains that the fine "was not of a capricious nature, or based on wild estimates," and that it "was for an infringement that was considered very serious." No word on Nintendo's next move just yet, but if past appeals of EU rulings are any indication, they certainly seem to be facing an uphill battle.
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