EU Demands More from Samsung to Avoid $18 Billion Antitrust Fine

Posted by at 10:43 am on September 9, 2013

European UnionEuropean Union regulators have reportedly found Samsung’s settlement offer to be insufficient, forcing the company to expand its proposal to avoid a fine for its patent lawsuits against Apple. Samsung last year dropped its injunction request, which was deemed improper, however the European Commission continued to pursue antitrust actions that could result in a fine of more than $18 billion.

Samsung first initiated talks with the EC in June, after the agency ruled that the company had acted in an anticompetitive manner when it called for injunctions against Apple for using standards-essential patents. The technology is related to UMTS-based 3G standards, which Samsung promised to license on fair terms throughout Europe.

“The Commission can confirm that Samsung has submitted proposals, the Commission has assessed them and asked Samsung to improve them,” EU spokesman Jonathan Todd said, according to a Reuters report.

Specific details regarding Samsung’s initial settlement offer and any recent amendments have yet to surface.

Leave a Reply

Sign Up For Our Newsletter

Sign up to receive breaking news
as well as receive other site updates

Enter your Email


Preview | Powered by FeedBlitz

Log in

Copyright © 2008 - 2020 · StreetCorner Media , LLC· All Rights Reserved ·