Sinovel Wind Group found guilty of IP theft valued at $800 million

Faybert

Level 24
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Jan 8, 2017
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In a case of international intrigue — which covered the span of more than six years — Sinovel Wind Group, a manufacturer and exporter of wind turbines, and three of its employees have been convicted of trade secret theft following a 12-day jury trial in Wisconsin.

The path to justice for the victimized company, American Superconductor (AMSC), was long by any measure and damaging. The value of the technology stolen is estimated to be more than $800 million. In addition, AMSC lost more than $1 billion in shareholder equity
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