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EU Court Reduces Qualcomm's Legal Fees
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The General Court in Europe has ordered EU regulators to pay €785,857.54 in legal fees to Qualcomm, a fraction of the €12 million initially requested by the U.S. chipmaker following a successful appeal against a 997 million euro antitrust fine imposed by the European Commission in 2018. The court deemed Qualcomm's legal bill 'manifestly excessive' due to the hours and rates claimed.
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How does this ruling reflect the evolving relationship between tech giants and regulatory bodies?
How might this ruling influence future antitrust cases in the tech industry?
What measures could companies take to avoid 'manifestly excessive' legal fees?
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