18 April 2019

Bankruptcy trustee sues Chinese solar panel makers, WSJ says

A bankruptcy trustee for failed solar panel manufacturer Energy Conversion Devices Inc. sued three Chinese companies for US$950 million for alleged price fixing and dumping of cheap solar panels that drove the US company to bankruptcy, the Wall Street Journal reported on Monday. John Madden, who heads a trust created to recover money for Energy Conversion’s creditors, was quoted as saying in a lawsuit filed with a US district court that the three companies — Trina Solar Ltd., Yingli Green Energy Holding Co. Ltd. and Suntech Power Holdings Co. Ltd. — conspired to dump their products in the United States at artificially low prices in a bid to dominate the market, the report said.

– Contact HKEJ at [email protected]


EJI Weekly Newsletter

Please click here to unsubscribe