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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 $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
1d
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 ...
worldenergynews.com
4d
Siemens Energy settles with US over gas turbine contract dispute
Siemens Energy said it had agreed to pay $104m to settle with U.S. Authorities after using stolen trade secrets five years ago to inflate its bids on contracts.
4d
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 ...
4d
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 ...
12d
Decarbonizing gas turbines – hydrogen, carbon capture and beyond
Gas turbines have a critical role to play in the energy transition. But they will have to decarbonize – and a range of ...
Recharge
8d
'He stopped the existential decline of Siemens Gamesa': Bruch gets new CEO term
The board of Siemens Energy said CEO Christian Bruch had “stopped the existential decline” of wind unit Siemens Gamesa as it ...
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