In a legal twist, the European Union faces a reduced legal bill as the General Court rules in favor of Qualcomm, slashing the tech giant’s claim by over 90%. After winning an appeal against an antitrust fine, Qualcomm sought 12 million euros from the European Commission, but the court deems the amount “manifestly excessive.” The EU regulator is now ordered to pay 785,857.54 euros, marking a significant reduction in Qualcomm’s legal fees.
Legal Victory for Qualcomm: EU Forced to Cut Fees After Antitrust Appeal
Following Qualcomm’s triumph in an antitrust appeal, the European Union is compelled to reduce the tech giant’s legal fees, as ruled by the General Court. The court deems Qualcomm’s initial claim of 12 million euros as “manifestly excessive,” ordering the European Commission to pay a reduced amount of 785,857.54 euros. The legal battle unfolds in Luxembourg, signaling a setback for the EU in its regulatory dispute with Qualcomm.
EU Regulator Faces Financial Blow: Court Slashes Qualcomm’s Legal Fees After Antitrust Battle
In a financial blow to the European Union, the General Court orders a significant reduction in Qualcomm’s legal fees after the tech company’s antitrust appeal victory. The court deems Qualcomm’s initial claim of 12 million euros “manifestly excessive,” directing the European Commission to pay a reduced sum of 785,857.54 euros. The legal drama intensifies in Luxembourg as the EU regulator grapples with the aftermath of Qualcomm’s legal triumph.
Qualcomm Prevails: EU Commission Hit with Reduced Legal Bill After Antitrust Fine Appeal
In a legal victory for Qualcomm, the European Commission faces financial repercussions as the General Court slashes the tech giant’s legal fees. Following Qualcomm’s successful appeal against an antitrust fine, the court deems the original claim of 12 million euros as “manifestly excessive,” ordering the EU regulator to pay a reduced amount of 785,857.54 euros. The courtroom battle unfolds in Luxembourg, shaping the dynamics of regulatory disputes in the tech industry.
