Mitsubishi vs. GE Antitrust Litigation

Image of phone handle, mail envelope, mouse, pen and pad
Mitsubishi Heavy Industries, Ltd. and Mitsubishi Power Systems Americas, Inc., a United States Delaware corporation, today filed an antitrust lawsuit in United States District Court against General Electric Company (GE). The complaint charges GE with a scheme to monopolize the market for variable speed wind turbines in the United States. Mitsubishi seeks damages that will be calculated during litigation but are expected to be in the hundreds of millions of dollars and probably be in excess of a billion.