EU Court Lops €30M Off Nintendo Parallel Trade Fine

Law360, New York (April 30, 2009, 12:00 AM ET) -- The European Court of First Instance has rejected most of Nintendo Co. Ltd.'s plea to slash a €149 million ($197 million) parallel trade fine from the European Commission, though the court agreed to cut the penalty by almost €30 million ($40 million), noting little difference between the video game maker's cooperation and that of a distributor.

The European Union's second-highest court ruled Thursday that even though Nintendo's cooperation in the EC's investigation came eight days after the company's U.K. distributor — a unit of John Menzies...
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