Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Google's fight against EU antitrust fine to be heard February 12-14 at EU court

Published 10/14/2019, 06:40 PM
Updated 10/14/2019, 06:40 PM
© Reuters. The Google logo is pictured at the entrance to the Google offices in London

By Foo Yun Chee

BRUSSELS (Reuters) - Alphabet (NASDAQ:GOOGL) unit Google's fight against a 2.4-billion-euro ($2.64 billion) EU antitrust fine will be played out over three days in February 2020 at Europe's second-highest court, according to parties involved in the case.

The Luxembourg-based General Court will hear arguments from Google and a tech lobbying group backing its appeal while the European Commission will be supported by Germany and eight companies.

The hearing is scheduled for Feb. 12-14, said Richard Stables, chief executive of British price comparison site Kelkoo, which is on the EU competition enforcer's side.

Lawyer Thomas Hoeppner, who is advising three other parties on the EU side, also confirmed the dates.

Two years ago, the Commission accused Google of favoring its own price comparison shopping service, hitting it with the hefty fine as well as an order to stop its anti-competitive business practices and create a level playing field for rivals.

Google subsequently took its case to the General Court, one of three appeals against three separate EU antitrust decisions.

Groups supporting the Commission are European consumer group BEUC, British price comparison shopping site Foundem which triggered the EU investigation with its complaint, French price comparison site Twenga, German publishing groups VDZ and BDZV, EFTA (European Free Trade Association) and German publisher Axel Springer's price comparison fashion site Visual Meta.

The case is T‑612/17 Google v European Commission.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.