AMSC Submits Appeal to China's Supreme People's Court
AMSC (Nasdaq: AMSC) today announced it has filed an appeal with China's Supreme People's Court. AMSC's appeal relates to the Hainan Higher Court's decision on April 5, 2012 to uphold the Hainan Province No. 1 Intermediate People's Court's dismissal of AMSC's civil case against Sinovel Wind Group Co., Ltd. (Sinovel) and Dalian Guotong Electric Co., Ltd. (Guotong). This is the smallest of four legal actions that AMSC has brought against Sinovel. In total, AMSC is seeking to recover from Sinovel more than $1.2 billion for contracted shipments and damages in these cases, which stem from Sinovel's contractual breaches and AMSC's discovery of intellectual property theft by Sinovel employees.
In September 2011, AMSC filed a copyright infringement lawsuit with the Hainan Province No. 1 Intermediate People's Court against Sinovel and Guotong. AMSC's case is supported by a significant amount of evidence demonstrating that its copyrighted software is being infringed. AMSC is seeking a cease and desist order as well as damages totaling approximately US$200,000, making this the smallest of AMSC's legal actions against Sinovel.
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