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Court fines Sinovel $1.5M for AMSC theft

A Chinese wind turbine manufacturer has been fined $1.5 million by a U.S. federal court for stealing trade secrets from Ayer-based AMSC.
In its decision, the U.S. federal court in the Western District of Wisconsin ruled China-based Sinovel’s theft of AMSC’s intellectual property resulted in AMSC losing more than $550 million. The $1.5 million fine is the maximum statutory fine, the Department of Justice said in a press release Friday.

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