Chinese Wind-Turbine Maker Sinovel Charged With IP Theft

Law360, New York (June 27, 2013, 10:55 PM EDT) -- Chinese wind-turbine maker Sinovel Wind Group Co. was charged with stealing trade secrets including proprietary source code from its former vendor American Superconductor Corp. and causing it losses of more than $800 million, prosecutors said Thursday.

An indictment filed Thursday in Wisconsin federal court targeted Sinovel along with two of its employees and former American Superconductor employee Dejan Karabasevic, 40, who allegedly fed source code stolen from American Superconductor’s computer system to Sinovel employees.

The indictment also targets Sinovel’s deputy director of its research department, Su...
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