in News Departments > New & Noteworthy
print the content item

Deminor International intends to sue turbine maker Vestas on behalf of disgruntled investors.

Vestas says the claim is based on an existing lawsuit filed by Deminor against Vestas in the U.S. on behalf of Commerzbank International Portfolio Management, who claims the turbine maker issued false information regarding its revenue and earnings.

The claim includes past and present board members Bent Erik Carlsen, Jorgen Huno Rasmussen, Jorn Ankær Thomsen, Torsten Erik Rasmussen, Hakan Eriksson, Kurt Anker Nielsen, Freddy Frandsen, Ola Rollen, Ditlev Engel and Henrik Nørremark, its former chief financial officer. Norremark is now under investigation for engaging in unauthorized dealings with two companies based in India.

In the release, Deminor says it intends to take Vestas to court unless it is paid by Aug. 16. In response, Vestas has said the claim has no merit and will not be accepted.


Trachte Inc._id1770
Latest Top Stories

Utility-Scale Wind And Solar Keep Getting Cheaper

A new study measures the levelized cost of energy from various technologies and suggests that the costs of utility-scale wind and solar power are catching up with those of traditional sources, even without subsidies.


The Song Remains The Same: Ontario Seeks More Science Before Lifting Offshore Ban

The Ontario government says the nearly four-year-old offshore wind moratorium will remain in place until the province fully understands the technology’s impact on the environment.


Why States Should Adopt A Renewable Portfolio Standard

A new study analyzes the potential benefits of state renewable energy mandates, as well as recommends what such policies should include.


Sen. Reid Vows To Bring Wind PTC To A Vote By Year's End

Nevada's senior senator provides some encouragement to wind industry advocates during his annual Clean Energy Summit.


Steadily, Wind Turbine OEMs Resume R&D Investment

An increased commitment to research and development will likely lead to wind energy innovation - not to mention a likely increase in patent-protected technology.

Canwea_id1984
Renewable NRG_id1934
Future Energy_id2008
UnitedEquip_id1995