Yingli shrugs off new antitrust lawsuit


Chinese module giant Yingli has shrugged off a second U.S. lawsuit which claims it broke antitrust laws.

With Yingli the co-respondent, alongside Suntech and Trina Solar in an ongoing US$1.5 billion lawsuit from failed U.S. thin film company Solyndra, representatives of the liquidation trust administering to the affairs of the Energy Conversion Devices company have filed an antitrust and unfair trade practices lawsuit against the same three companies in the U.S. District Court for the Eastern district of Michigan.

Responding to the lawsuit, Robert Petrina, managing director of Yingli Green Energy Americas, said: "We are still reviewing the filing, but at first glance these are baseless claims that seem similar to the Solyndra antitrust case.

"In both instances, the companies are bankrupt and appear to be blaming others for their own failed thin-film technology and flawed business models.

"We will continue to aggressively defend ourselves and expect that Yingli will prevail in both cases."