Google Says Its €2.4B Fine Is Punishment For Innovation
Law360 (February 12, 2020, 8:35 PM EST) -- The European Union is trying to hold Google’s feet to the fire for essentially benefiting from its own innovation, the tech giant told Europe’s second-highest court Thursday as it sought to overturn a €2.4 billion ($2.6 billion) antitrust fine.
Google went before the General Court of Justice to challenge the fine it was smacked with in 2017 after Europe’s competition authority found that it had illegally preferred its one comparison shopping service to competitors.
"Competition law does not require Google to hold back innovation or compromise its quality to accommodate rivals,” Google attorney Thomas Graf told the five-judge panel. “Otherwise, competition...
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