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China: Oklahoma sues Chinese oil firm for product dumping

By  |  March 13, 2014

Oklahoma Attorney General Scott Pruitt has reportedly filed a lawsuit against Chinese oil equipment supplier Neway Valve Company for allegations the company sold its products at below-market prices, leading to an unfair competitive advantage over Oklahoma companies.

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    Reports say the lawsuit is the first of its kind in the state, and one of the first in the nation.

    The claims of product dumping were filed in Oklahoma County District Court. Among the complaints is that Neway Valve Company used pirated technology to sell its products in Oklahoma at artificially low costs in violation of the state’s Antitrust Reform Act.

    Full Content: News9

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