AMSC Takes IP, Contract Claims Against Sinovel To China

Law360, New York (September 15, 2011, 1:35 PM EDT) -- Wind turbine designer American Superconductor Corp. said Wednesday that it would file civil and criminal charges in China accusing Sinovel Wind Group Co. Ltd. of illegally using intellectual property pilfered by a former employee and of breaching supply contracts.

AMSC said it's now operating under the assumption that China-based Sinovel, once a major part of its business, will no longer be a customer.

"We are taking legal action against Sinovel based on its contractual breaches and strong evidence of its criminal misconduct," AMSC President and CEO...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.