Sinovel to Pay More Than $50 Million in Trade-Secrets Case
Months after it was convicted of stealing trade secrets, one of China’s biggest wind-power companies has been fined and must compensate an American firm more than $50 million.
The U. S. District Court for the Western District of Wisconsin ordered Sinovel Wind Group Co. Ltd. to pay a $1.5 million penalty — the maximum amount for such a case.
Sinovel must also pay $57.5 million in restitution to the wind-technology firm from which it allegedly stole — U.S.-based AMSC, formerly known as American Superconductor Corp.
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