A-Power Energy Generation Systems, Ltd.(fka APWR)

[gigmbwng]

dingocub:

the Hong Kong court settlement was for $360M. Is this upcoming USA court going to consider raising that amount to about $410?

Wonder how they will compute the damage/loss amount. I would think that even if a large sales contract was agreed upon, shouldn't some responsibility be shared by GET as they would need to tract their gearbox sales and set production schedules. Shouldn't the GET sales rep have realized somewhere during the first couple of months that no actual orders were being placed? Wonder what terms of a possible cancellation clause indicated. Still, it is pretty stupid of GET to produce more than a one month order for the long term gearbox contract with a China company just entering the wind turbine business.

Wonder if the USA judge will use the common sense rule and reduce the HK award down to something like $5M.

thanks for providing your great insights.