Tag Archives: AMSC

Three Lessons from the Conviction of Sinovel Wind Group for Trade Secret Theft

Chinese wind turbine manufacturer Sinovel Wind Group Co. Ltd. was convicted last month of stealing software from AMSC Inc., a U.S.-based company formerly known as American Superconductor Inc. The theft nearly destroyed the American company, which lost substantial service contracts after the theft and began to shed market capitalization, jobs, and facilities as a result. With the conviction, Sinovel now awaits sentencing, scheduled for June 2018, which could include more than $1 billion in fines and a multi-year probationary period. Continue reading Three Lessons from the Conviction of Sinovel Wind Group for Trade Secret Theft