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601558 - Sinovel Wind Co News Story

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China's Sinovel fined in U.S. trade secrets theft case

Fri 6th July, 2018 7:35pm
July 6 (Reuters) - A U.S. judge on Friday ordered Chinese
wind turbine maker Sinovel Wind Group Co Ltd  601558.SS  to pay
a $1.5 million fine after the company was convicted of charges
that it stole trade secrets from Massachusetts-based AMSC
 AMSC.O .
    U.S. District Judge James Peterson in Madison, Wisconsin,
also sentenced Sinovel to one year of probation, during which it
must pay the unpaid balance of a $57.5 million settlement it
stuck with AMSC that was disclosed earlier this week.

 (Reporting by Nate Raymond in Boston
Editing by Leslie Adler)
 ((Nate.Raymond@thomsonreuters.com and Twitter @nateraymond;
617-856-1312; Reuters Messaging:
nate.raymond.thomsonreuters.com@reuters.net))
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