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International Rectifier Loses Case

By ALEXA HYLAND International Rectifier Corp. lost its battle with ousted chief executive Alexander Lidow when a Los Angeles federal judge dismissed its lawsuit over alleged theft of trade secrets. The El Segundo maker of power management chips filed the suit in September, alleging that Lidow engaged in an ongoing criminal enterprise -- also known as a racketeer influenced and corrupt organization, or Rico -- by stealing information and intellectual property related to the company's $60 million secret research. The judge dismissed the suit on Monday. To continue reading this interesting article from Los Angeles Business Journal Online, click here.

Full post as published by The Trade Secrets Vault on February 07, 2009 (boomark / email).