European PlayStation 3 Seizures Lifted And LG Fined

LG's triumph over Sony was short lived as a court in Hague has lifted the prejudgment seizure order on PlayStation 3 stock in Europe.

Even more, the court ordered LG to pay a fine of €130,000 with an extra €200,000 for each day passing before the fine was paid.

It is worth noting that the new ruling and the fine are concerned with the prejudgment seizure only and has no effect on the original case in which LG seeks a royalty payment of $2.50 to $2.55 for each Blu-ray device sold by Sony.

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