Google attempts to overturn $2.6 billion in fines from alleged antitrust breaches
LUXEMBOURG - Google on Friday attacked what it called an eye-catching 2.4 billion euro EU antitrust fine, prompting a judge to ask how a rich company can miss a relatively paltry amount.
Google’s challenge came on the final day of a three-day hearing at the General Court, Europe’s second-highest, as it attempts to overturn the first of a trio of EU antitrust penalties totaling 8.25 billion euros. The Commission used a gravity multiplier between 5% and 20% to Google’s 2016 turnover in the 13 EU countries, higher than the 5% levied on Intel in 2009. EU laws allow for regulators to apply a multiplier of up to 30%.
Irish judge Colm Mac Eochaidh, one of the panel of five judges hearing the case and who had a day earlier said the company clearly committed an infraction, asked whether the size of the fine was as eye-catching as Google claimed.
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