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3 Lessons From Sinovel's Trade Secret Theft Conviction

Law360 (March 8, 2018, 12:54 PM EST) -- Chinese wind turbine manufacturer Sinovel Wind Group Co. Ltd. was convicted last month of stealing software from AMSC Inc., a U.S.-based company formerly known as American Superconductor Inc. The theft nearly destroyed the American company, which lost substantial service contracts after the theft and began to shed market capitalization, jobs and facilities as a result. With the conviction, Sinovel now awaits sentencing, scheduled for June 2018, which could include more than $1 billion in fines and a multiyear probationary period.

Sinovel and AMSC had a history...
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