$950M Suit Blames Chinese Solar Cos. For US Rival’s Demise

Law360, New York (October 7, 2013, 1:48 PM EDT) -- One-time solar panel market leader Energy Conversion Devices Inc. was driven out of business by three Chinese companies that conspired to dominate the American solar market, the bankrupt company's liquidating trustee alleged in a $950 million antitrust lawsuit filed Friday.

Liquidating trustee John Madden filed the lawsuit in Michigan federal court, claiming Trina Solar Ltd., Yingli Green Energy Holding Co. Ltd. and Suntech Power Holdings Co. Ltd. coordinated a “complex” price-fixing scheme to sell “inferior” solar panels in the U.S. at artificially low prices and achieve...
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