A-Power Near Default As GE Affiliate Seeks To Collect $476M

By Pete Brush ( March 2, 2016, 5:17 PM EST) -- A Chinese affiliate of General Electric Co. appeared poised Tuesday to win a default judgment in New York federal court against A-Power Energy Generation Systems Ltd. in its effort to collect on a 2012 arbitration award now worth $476 million lodged in Hong Kong against the Shenyang-based company and CEO Jinxiang Lu. . . .

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