Chinese Firm Attempted “Corporate Homicide” Against American Software Maker: U.S. Attorney

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Chinese Firm Attempted “Corporate Homicide” Against American Software Maker: U.S. Attorney

Chinese Firm Attempted “Corporate Homicide” Against American Software Maker: U.S. Attorney
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Chinese Firm Attempted “Corporate Homicide” Against American Software Maker: U.S. Attorney

by DailyTicker 3:24 mins

Every week it seems brings a story of a Chinese company being accused of stealing intellectual property from an American firm. But the charges being levied against China’s Sinovel Wind Group take this trend to a new, and disturbing, level. U.S. Attorney John Vaudreuil accused Sinovel of “attempted corporate homicide," describing a “well-planned attack on an American business,” a Massachusetts-based software firm called AMSC. A federal grand jury on Thursday indicted Sinovel for theft of trade secrets, copyright infringement and wire fraud, resulting in a loss of $800 million to AMSC. For a time, Sinovel was AMSC's largest customer and allegedly used that relationship as an opportunity to commit corporate espionage on a very large and blatant scale. (Sinovel denies wrongdoing, The Wall Street Journal reports.)

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