Solyndra Lobs Cartel Allegations At Chinese Solar Cos.

Law360, New York (October 12, 2012, 7:38 PM EDT) -- Bankrupt solar company Solyndra LLC sued Suntech Power Holdings Co. Ltd. and two other Chinese companies in California federal court Thursday, alleging they engaged in a cartel that artificially lowered solar panel prices and forced American companies to close up shop.

Solyndra — which had received a controversial half-billion dollar loan guarantee from the U.S. government — alleged that Suntech, Trina Solar Ltd. and Yingli Green Energy Holding Co. Ltd., conspired to fix prices and flooded the U.S. market with artificially cheap solar panels, according to...
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