Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Energy Conversion Trustee Sues Chinese Companies

Oct. 8 (Bloomberg) -- A bankruptcy trustee for Energy Conversion Devices Inc. sued three Chinese companies, claiming their price-fixing and dumping drove the U.S. solar-panel maker out of business.

Trina Solar Ltd., Yingli Green Energy Holding Co. and Suntech Power Holdings Co. conspired to export more than 95 percent of their production and dump it at artificially low prices to dominate the U.S. market, trustee John Madden said in an Oct. 4 lawsuit in U.S. District Court in Detroit.

The trustee is seeking compensation for the loss of $950 million, Energy Conversion’s book value, according to the complaint, which was earlier reported by the Wall Street Journal.

The case is Energy Conversion Devices Liquidation Trust v. Trina Solar Ltd., 13-cv-14241, U.S. District Court, Eastern District of Michigan.

To contact the reporter on this story: Douglas Wong in Hong Kong at dwong19@bloomberg.net

To contact the editor responsible for this story: Michael Hytha at mhytha@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.