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Mitsubishi files antitrust suit against GE
Mitsubishi filed an antitrust lawsuit Thursday against General Electric Co., accusing the company of monopolizing part of the wind-turbine market and making "baseless" patent-infringement claims against Mitsubishi to gain a competitive edge.
The suit was filed in federal court in Arkansas, where Mitsubishi plans a $100 million wind turbine manufacturing plant.
May 19, 2010
by Jill Zeman Bleed
in My Record Journal
Mitsubishi filed an antitrust lawsuit Thursday against General Electric Co., accusing the company of monopolizing part of the wind-turbine market and making "baseless" patent-infringement claims against Mitsubishi to gain a competitive edge.
The suit was filed in federal court in Arkansas, where Mitsubishi plans a $100 million wind turbine manufacturing plant. But the company said in its suit that GE's "improper conduct" is jeopardizing the plant's future because there is now little U.S. demand for Mitsubishi turbines.
"If GE is successful in its campaign to drive Mitsubishi out of the variable-speed wind turbine market, then our facility will have to sit idle,"... [continue via Web link]
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