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Nintendo Co Ltd. (NTDOY)
Nintendo fights $232 million EU penalty

GameIndustry - May 20, 2008

Submitted by tyrile (511) at 1:27PM PST on May 20, 2008

Nintendo is fighting a EUR 149.1 million (USD 232 million) fine levied against it by EU regulators for price fixing. According to a Bloomberg report, the company contends that the calculation of the fine was irrational and discriminatory. "The penalty was unfair, illegal, even shocking," Ian Forrester, representing Nintendo, told the European Court of First Instance in Luxembourg.

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