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Monday, October 15, 2012

Bankrupt Solyndra Seeks $1.5 Billion In Damages From Chinese Peers


Bankrupt solar firm Solyndra has filed a lawsuit against three U.S.-listed Chinese solar players, including Suntech Power Holdings Co , seeking $1.5 billion in compensation due to monopolization by these firms, according to court documents filed on Thursday.

The lawsuit was filed against Suntech, Trina Solar Ltd and Yingli Green Energy Holding Co claiming that the trio's panel prices moved in tandem - falling 75 percent in four years in the U.S.

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1 comment:

  1. solydra took half a billion from us and now they want to cry over spilt milk because they cannot compete with the chinese firms which they should have known from the start. i am assuming that the taxpayers will have to pay for the lawyers for this lwasuit

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