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”

Dispute Over Solar Inverter Technology Heads to Federal Court

  • A manufacturer of solar inverter components, MAGicALL, has accused its former customer Advanced Energy Industries of stealing trade secrets and violating non-disclosure agreements relating to MAGicALL’s product designs.
  • Trade secret law protects companies against the misappropriation of valuable business information that has been subject to reasonable efforts to maintain secrecy.

California’s MAGicALL, Inc. has filed a lawsuit against Advanced Energy Industries, Inc. (“AEI”) and several affiliated companies alleging breach of non-disclosure agreements and theft of trade secrets relating to MAGicALL’s solar inverter technology. In a Complaint filed in federal court in Colorado this month, MAGicALL requested that the court issue an injunction preventing AEI from continuing to sell any products containing MAGicALL’s proprietary technology, and award monetary damages in an amount yet to be determined. Continue reading “Dispute Over Solar Inverter Technology Heads to Federal Court”

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The opinions expressed on this blog are those of the author and are not to be construed as legal advice.

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