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LDK Solar Co., Ltd. Message Board

  • phreecash phreecash Jan 6, 2013 9:03 PM Flag

    Schott Solar Wafer GmbH (Jena, Germany) has filed a claim in a German court against Suntech Power Holding Company Ltd.'s (Wuxi, China) Swiss subsidiary, according to a US Securities and Exchange Commission (SEC) filing.

    Schott Solar Wafer GmbH (Jena, Germany) has filed a claim in a German court against Suntech Power Holding Company Ltd.'s (Wuxi, China) Swiss subsidiary, according to a US Securities and Exchange Commission (SEC) filing.

    The lawsuit alleges that Suntech Power International Ltd. breached a 2008 supply agreement for multicrystalline silicon wafers, and calls for EUR 13.6 million (USD 17.8 million) in damages.

    Suntech states that it is in the process of evaluating the claim and has filed a notice of its intention to defend the action. Suntech received notice of the claim, filed in Frankfurt District Court, on December 13th, 2012.

    Neither company has yet published further comment on the lawsuit.

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