Loading...
Market
Will Siemens Energy face additional lawsuits over gas turbine contract trade secret theft by the end of 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Publicly available court records and legal filings
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
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Tesla • 25%
SpaceX • 25%
Neuralink • 25%
Other Musk companies • 25%
Settlement reached • 25%
Court ruling in favor of Nord Stream AG • 25%
Court ruling against Nord Stream AG • 25%
No resolution • 25%