France Telecom Must Repay Up To €1.1B In Aid: Court

Law360, New York (November 30, 2009, 6:36 PM EST) -- The European Union's second-highest court has rejected France Telecom's appeal of a lower court decision that ordered the company to pay back up to €1.14 billion ($1.71 billion) it received in illegal state aid.

The Court of First Instance of the European Communities, based in Luxembourg, issued a decision Monday dismissing France Telecom's challenge to a 2007 ruling by the Court of Justice that held the Paris-based broadband and cell phone provider had received aid from the state of France between 1994 and 2002 through tax...
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