Nintendo Appeals EU's 'Shocking' Parallel Trade Fine

Law360, New York (May 21, 2008, 12:00 AM EDT) -- Nintendo Co. Ltd. won't pay out the €149.1 million parallel trade fine levied against it by European Union regulators without a fight. The company has appealed the penalty to Europe's second-highest court, arguing that the fine is unfair.

Lawyers for Nintendo told the European Court of First Instance on Monday that the fine, levied in 2002, was “unfair, illegal, even shocking,” according to Reuters. The gaming company's attorneys argued that the penalty, which is one of the highest ever imposed in a parallel trade case, is...
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