Chinese player Sinovel has been convicted of stealing trade secrets. After an eleven-day case, a federal jury at a court in Madison in the US state of Wisconsin has found the wind turbine manufacturer guilty of stealing sensitive software code from American Superconductor (AMSC) to use in its own production.
The theft is estimated to have cost AMSC USD 800 million. According to the current rules, Sinovel risks a fine twice as high when the sentence is meted out Thursday June 4. As the company has been found guilty in three instances – conspiracy, theft of trade secrets and wire fraud (fraud via electronic communications) – the fine could run up to USD 4.8 billion.
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