Tech Data will appeal in French antitrust case
March 24, 2020 - Clearwater-based IT distributor Tech Data said it will appeal the findings and legal reasoning of the French Competition Authority in a recent decision. The case concerns the FCA’s antitrust investigation regarding the distribution of Apple products (excluding the iPhone) in France between 2005 and 2013. Tech Data (Nasdaq: TECD) was fined about $85 million. Tech Data said in a news release Tuesday that it disagrees with the findings. "In addition, Tech Data wishes to clarify that the FCA’s decision concerns alleged anticompetitive vertical agreements between Apple and its wholesalers regarding volume allocations of Apple products – and not cartel practices, as the FCA’s original English press release of March 16 suggested. The English version of the press release has since then been corrected accordingly," Tech Data's news release said.