Back in 2002, Nintendo were busted by the European Union for price-fixing. Their punishment was a €149 million (USD$200 million) fine, which is still one of the biggest penalties ever handed out by the EU.
But for being such co-operative so-and-sos with the whole thing, a judge has reduced the company’s fines to “only” €119 million (USD$160 million). This is in keeping with EU policy, which “rewards” perpetrators with reduced fines if they co-operate with investigations.
Nintendo was originally found guilty of having colluded with several distributors across Europe in a concerted effort to keep the price of Nintendo consoles and games artificially high.
Sagarat
Sunday, May 3, 2009 at 9:30 AM–found guilty of having colluded with several distributors across Europe in a concerted effort to keep the price of Nintendo consoles and games artificially high.–
Now all they have to do is never anounce price cuts to their 2 year old hardware.