Mitsubishi Files Lawsuit Against GE
LITTLE ROCK, Ark. (AP) -- Mitsubishi filed an antitrust lawsuit Thursday against General Electric Co., accusing the company of monopolizing part of the wind-turbine market and making "baseless" patent-infringement claims against Mitsubishi to gain a competitive edge.
The suit was filed in federal court in Arkansas, where Mitsubishi plans a $100 million wind turbine manufacturing plant. But the company says in its suit that GE\'s "improper conduct" could cause the plant to sit idle because there would be no U.S. demand for Mitsubishi turbines.
Mitsubishi is seeking unspecified damages but said Thursday it would likely be more than $1 billion.
A GE spokesman says the claims are "meritless and outrageous."
In its patent suit, GE asked the court to determine that Mitsubishi violated the patents and to prevent it from selling turbines that use the technologies.