Loading...
Market
Which competitor will benefit the most from Siemens Energy's legal troubles by the end of 2024?
3
Resolution / Starting Odds
General Electric • 25%
Mitsubishi Heavy Industries • 25%
Ansaldo Energia • 25%
Other • 25%
Market analysis reports and stock performance data
Story
Siemens Energy Subsidiary to Pay $104 Million in Settlement Over Gas Turbine Contract Trade Secret Theft
Oct 1, 2024, 10:20 AM
A US subsidiary of Siemens Energy has agreed to pay $104 million to resolve a criminal investigation into misappropriating confidential information from competitors to gain an unfair advantage in a bidding process. The settlement with US authorities follows allegations that Siemens Energy used stolen trade secrets to inflate bids for gas turbine contracts five years ago.
View original story
Similar markets
Peabody Energy • 25%
Arch Resources • 25%
Alliance Resource Partners • 25%
Other • 25%
Talen Energy • 25%
Constellation Energy • 25%
Vistra Corp • 25%
Oklo Inc • 25%
Talen Energy gains market share • 25%
Vistra Corp. gains market share • 25%
Constellation Energy gains market share • 25%
No significant change • 25%
NextEra Energy • 25%
Duke Energy • 25%
Southern Company • 25%
Other • 25%
Yes • 50%
No • 50%
AT&T • 33%
X • 33%
Both equally • 33%
Yes • 50%
No • 50%
Centrica • 25%
National Grid • 25%
Scottish Power • 25%
Other • 25%
Exelon • 25%
Duke Energy • 25%
NextEra Energy • 25%
Southern Company • 25%
China National Nuclear Power • 25%
CGN Power Co. • 25%
Other Chinese companies • 25%
Foreign companies • 25%