US trio lead on landmark Intel investigation
A trio of US firms have taken lead roles for Intel in the investigation which yesterday (13 May) resulted in one of the largest-ever fines handed out by the European Commission. The EC handed Intel a penalty of €1.06bn (£951m) for anti-competitive behaviour and abusing its dominant position as a market leader for producing microprocessors. Intel has said that it will appeal the ruling.Skadden Arps Slate Meagher & Flom, Gibson Dunn & Crutcher and Howrey all advised Intel on the investigation, which has been ongoing since the beginning of the decade.Skadden took the lead role as European adviser, with the firm's team led by Brussels-based antitrust and competition partner Jim Venit. Howrey also advised on EU matters but the team was led by Washington DC-based antitrust partner Darren Bernhard. In addition, the company instructed Brick Court Chambers.
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