SolarWorld to appeal US court's ruling to pay $793M damages
German solar panel-maker SolarWorld says it is appealing a U.S. court's ruling ordering it to pay $793 million in damages to Michigan-based supplier Hemlock Semiconductor Corp.
SolarWorld says it expects the appeal against Tuesday's ruling to take about one year.
The company said in a statement Wednesday that it doesn't believe the first ruling can be enforced in Germany anyway, citing European Union anti-trust rules.
Hemlock sued SolarWorld in a dispute over a long-term contract to supply the German firm with silicon that was agreed at a time when global prices for the material were high.
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SolarWorld to appeal US court's ruling to pay $793M damages (2016, July 27)
retrieved 25 April 2024
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