LAWSUIT SAYS FOXCONN COST GOVERNMENTS HUNDREDS OF MILLIONS
Techlife News|Techlife News #484
Worldwide electronics leader Foxconn Technology Group violated terms of its contract in Wisconsin, while local governments spend hundreds of millions of dollars to prepare for the project, a lawsuit filed by a real estate development company alleges.

Hintz Real Estate Development Co. claims that Foxconn is in breach of its contract by failing to construct a Generation 10.5 LCD manufacturing facility in southeast Wisconsin not far from the Illinois border, the Milwaukee Journal Sentinel reported this week.

Foxconn did not employ local workers in manufacturing and construction “to the extent agreed,” and failed to make capital investments in the county and village “to the extent agreed,” the lawsuit filed Tuesday in Racine County Circuit Court said.

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