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Monday, October 15, 2012

Bankrupt Solyndra suing Chinese competition

Bankrupt Solyndra seeks $1.5 billion in damages from Chinese peers

     (Reuters)...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.

     Stiff the American taxpayers out of 530 plus million dollars, not a problem...sue the Chicoms!