$950M Solar Conspiracy Suit Is 'Baseless,' Chinese Co. Says
By Emily Atkin
Law360, New York (October 9, 2013, 5:31 PM ET) -- Onetime solar panel market leader Energy Conversion Devices Inc.'s $950 million antitrust lawsuit claiming three Chinese companies conspired to dump their inferior solar panels in the U.S. is a "baseless" attempt to blame others for its bankruptcy, one of the defendants said Wednesday.
Yingli Green Energy Holding Co. Ltd. said in a statement that the lawsuit filed Friday is strikingly similar to one filed in 2011 by former solar panel manufacturer Solyndra LLC, which, like Energy Conversion, filed its suit following the its bankruptcy. Both lawsuits...