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Siemens Energy agrees to settlement with US in case over gas turbine contracts
Siemens Energy has agreed to pay $104 million to settle an investigation with U.S. authorities, it said, after it used stolen trade secrets to inflate bids for contracts five years ago. The proposed settlement with a U.
Siemens Energy subsidiary to pay over $100m to settle US court case
A US subsidiary of the German power engineering group Siemens Energy has agreed to pay $104 million to end investigations into cheating in a contract bid. The case goes back to 2019, when the American Siemens subsidiary was bidding for a turbine order from Dominion,
Siemens Energy to Pay $104 Million in DOJ Trade Secret Probe
A US subsidiary of Siemens Energy AG agreed to pay $104 million to resolve a criminal investigation into misappropriating confidential information from competitors to win a bidding process.
Siemens Energy extends CEO contract as recovery continues
Siemens Energy said on Wednesday it has extended the contract of CEO Christian Bruch for a further five years, the latest sign that the power equipment supplier has turned a corner following a major crisis at its wind turbine business.
Siemens Energy to pay $104M penalty in DoJ criminal probe
Siemens Energy (OTCPK:SMEGF) said Monday it pleaded guilty and agreed to pay $104M to resolve a criminal investigation into stealing information to edge out competitors to win a bid to build a Virginia power plant for Dominion Energy.
Virginia Business
23h
Siemens Energy agrees to pay $104M in Dominion bid-rigging case
Siemens Energy pleaded guilty and agreed to pay $104 million this week to settle a federal criminal investigation into ...
Interesting Engineering on MSN
7h
Siemens unveils first 354-ft turbine blade for 1.4GW offshore wind farm
RWE, a Germany-based energy firm has unveiled the first turbine blade for the 1.4GW Sofia offshore wind project. Being made at Siemens Gamesa factory in Hull, the unveiling of the state-of-the-art ...
E&E
4d
Siemens Energy pleads guilty to stealing competitor info
The company will pay $104 million to resolve a DOJ criminal investigation related to bidding to build a Virginia power plant.
3d
on MSN
Former Siemens executive from Winter Park sentenced for stealing rivals’ trade secrets
A retired Siemens Energy executive from Winter Park was sentenced to 43 months in prison for his part in a 2019 conspiracy to ...
Augusta Free Press
3d
Siemens pleads guilty in Dominion Energy scandal involving insider trade secrets
Siemens Energy pleaded guilty in the criminal investigation into trade secrets surrounding bids for Dominion Energy’s turbine ...
Lawyer Monthly
3d
Siemens Energy guilty of wire fraud against GE and Mitsubishi
Siemens Energy, Inc. has pleaded guilty for funnelling the pilfered GE and MHI bid information through private email accounts ...
Energy Central
11h
Egypt, Siemens Energy to bolster green energy collaboration
The Egyptian government is probing ways of strengthening cooperation with Siemens Energy in expanding renewables and green ...
The Business Journals
3d
Siemens Energy to hire 200 at North Carolina site with expansion
Siemens
plans to invest tens of millions of dollars to for another expansion in North Carolina, where the company already ...
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