Index Investing News
Sunday, May 17, 2026
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Court says EU must pay a fraction of legal fees sought by Qualcomm By Reuters

by Index Investing News
March 2, 2024
in Stocks
Reading Time: 2 mins read
A A
0
Home Stocks
Share on FacebookShare on Twitter


© Reuters. FILE PHOTO: The logo of Qualcomm is seen during the Mobile World Congress in Barcelona, Spain February 27, 2018. REUTERS/Yves Herman/File Photo

By Foo Yun Chee

BRUSSELS (Reuters) – Europe’s second highest court has said EU regulators should pay 785,857.54 euros ($851,634) of legal fees for Qualcomm (NASDAQ:), less than 90% of the 12 million euros sought by the U.S. chipmaker after it won an appeal against an antitrust fine.

The Luxembourg-based General Court said the number of hours worked and hourly rates used in Qualcomm’s claim was “manifestly excessive”.

Qualcomm submitted its legal bill to the European Commission in 2022 after the General Court backed the U.S. group’s fight against a 997 million euro EU antitrust fine issued in 2018 and ordered the regulator to pay Qualcomm’s legal costs.

The Commission, however, disputed the 12,041,755.80 euros sought by the company, saying the amount should be 405,315 euros.

Qualcomm said its legal bill was based on the importance and complexity of the case and the quantity of work done by a team of 19.

Judges in a ruling dated Feb. 29 posted on the court’s website dismissed the U.S. company’s arguments, saying courts were concerned only with the total number of hours of work necessary for the legal proceedings, irrespective of the number of lawyers involved in the case.

They said hourly rates were not presented in relation to specific, clearly identified tasks and that the substantial amount of research and analysis and adduced numerous documents before the court was not sufficient to substantiate the sums claimed or that the work relating to them was necessarily incurred.

“The applicant’s request is insufficiently substantiated and manifestly excessive as regards both the amounts claimed and the numbers of hours and related hourly rates,” judges said.

The court set the total fee including expenses for law firm Quinn Emanuel at 754,190 euros and 31,667.54 euros for economic consultancy Compass Lexecon/FTI.

The case is T‑235/18 DEP Qualcomm vs European Commission.

($1 = 0.9228 euros)



Source link

Tags: courtFeesFractionlegalPayQualcommReutersSought
ShareTweetShareShare
Previous Post

TMX CEO jumps deeper into ETFs

Next Post

BJP Candidate Complete List 2024 For Uttar Pradesh Lok Sabha Elections: 51 candidates in first list – Check constituency-wise list

Related Posts

Berkshire shares trade lower even after Abel scores good marks at meeting, earnings jump

Berkshire shares trade lower even after Abel scores good marks at meeting, earnings jump

by Index Investing News
May 11, 2026
0

Greg Abel, CEO of Berkshire Hathaway, speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, May 2, 2026.CNBCBerkshire...

The S&P 500 Dividend Yield Just Hit An All-Time Low – Meb Faber Research

The S&P 500 Dividend Yield Just Hit An All-Time Low – Meb Faber Research

by Index Investing News
May 7, 2026
0

The S&P 500 dividend yield just hit an all-time low of 1.08%, the lowest since the 1800s. The prior low...

AbbVie tops quarterly expectations as newer immunology drugs offset Humira decline By Reuters

AbbVie tops quarterly expectations as newer immunology drugs offset Humira decline By Reuters

by Index Investing News
April 29, 2026
0

By Kamal Choudhury and Christy Santhosh April 29 (Reuters) - on Wednesday reported better-than-expected quarterly revenue and profit, fueled by...

What Would Your Retirement Look Like If You Started Investing at 18 vs. 28?

What Would Your Retirement Look Like If You Started Investing at 18 vs. 28?

by Index Investing News
May 3, 2026
0

10 years doesn’t sound like much. It’s the gap between graduating high school and turning 28. It’s the decade most...

Friday File:  Everything’s OK Now?

Friday File: Everything’s OK Now?

by Index Investing News
April 25, 2026
0

The good news?  Looks like the market has decided that the war is over, and everything will get back to...

Next Post
BJP Candidate Complete List 2024 For Uttar Pradesh Lok Sabha Elections: 51 candidates in first list – Check constituency-wise list

BJP Candidate Complete List 2024 For Uttar Pradesh Lok Sabha Elections: 51 candidates in first list - Check constituency-wise list

AI Bots Parrot Dominant Opinions and Biases

AI Bots Parrot Dominant Opinions and Biases

RECOMMENDED

US and China teeter on fringe of commerce warfare as tariff deadline looms

US and China teeter on fringe of commerce warfare as tariff deadline looms

February 9, 2025
Starbucks Inventory: Strain As Espresso Costs Surge (NASDAQ:SBUX)

Starbucks Inventory: Strain As Espresso Costs Surge (NASDAQ:SBUX)

May 1, 2022
FireAid combines music’s largest acts and tales of loss for LA wildfire reduction

FireAid combines music’s largest acts and tales of loss for LA wildfire reduction

January 31, 2025
The place the Dangers of Being pregnant Meet Abortion Legal guidelines and Well being Care

The place the Dangers of Being pregnant Meet Abortion Legal guidelines and Well being Care

July 5, 2022
The Days Of Using Dating Apps For Free Are Long Gone – FREEDOMBUNKER

The Days Of Using Dating Apps For Free Are Long Gone – FREEDOMBUNKER

December 21, 2023
Why OPEC Is Running Scared

Why OPEC Is Running Scared

January 13, 2024
Earnings Summary: A snapshot of Nordstrom’s (JWN) Q4 2023 report

Earnings Summary: A snapshot of Nordstrom’s (JWN) Q4 2023 report

March 11, 2024
Hoover Withdraws Discredited Article – The Massive Image

Hoover Withdraws Discredited Article – The Massive Image

December 3, 2024
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In