LDK Solar (LDK) Suing Canadian Solar (CSIQ)

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02:04:54 pm on September 1, 2010

LDK Solar (LDK) announced this morning that it has filed an objection for arbitration before the China Intl Econ & Trade Arbitration Commission as well as a lawsuit to demand compensation from Canadian Solar (CSIQ) due to a breach of a 10 year supply agreement signed in 2008.  Despite the news, shares of CSIQ are up nearly 3% today and trying to push above resistance of the 50 day moving average.

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