SAN FRANCISCO--Solyndra LLC, the bankruptcy of solar-panel maker, received a $535 million loan guarantee U.S. Government, threw to destroy Suntech Power Holdings Co. and other Chinese companies by running an illegal cartel.
Solyndra, the protection of creditors in August 2011 sought compensation searches "for the loss of the $1.5 billion value his business and more which defendant destroyed", said filed yesterday in Federal Court in San Francisco lawyers for the firm in a complaint.
The Fremont, California said the defendants with each other, suppliers of raw materials and certain lenders, to flood the U.S. solar market with solar panels at prices below the cost intrigiert, enterprises in the complaint. Solyndra says Panel prices for Suntech, the largest manufacturer of solar panel and the other two companies in tandem, falling 75 percent in four years in the US market.
Suntech and Yingli Green energy holding co., and Trina solar Ltd. has the money from American investors in the application through the sale of Depositary Shares American competitors like Solyndra, to destroy.
An energy trade association, China's energy management, Chinese banks and Chinese polysilicon manufacturers are named as co-conspirators in the lawsuit.
The U.S. Department of Commerce noted that Yingli, Suntech and Trina solar panels, dumped in the application.
A phone message left with Suntech Media Office in San Francisco and looking for comment on the lawsuit after regular business hours yesterday was not immediately returned.
The case is Solyndra LLC v. Suntech Power Holdings Ltd., 12-05272, U.S. District Court, Northern District of California (San Francisco). The bankruptcy is Solyndra LLC, 11-12799, U.S. bankruptcy court, district of Delaware (Wilmington).