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Chip Company Suing Ex-CEO

By ALEXA HYLAND International Rectifier Corp. has dodged a hostile takeover and weathered an accounting scandal. Now the El Segundo maker of power management chips is going to court with its former chief executive - the son of the company's founder - accusing him of stealing trade secrets. The tension reached a critical point in September, when International Rectifier filed a federal suit accusing Alexander Lidow of engaging in an ongoing criminal enterprise - also known as a racketeer influenced and corrupt organization, or Rico - by stealing information, intellectual property and technology related to the company's secret research on a superconducting material that could become the future of semiconductor power management technology. A key hearing in the case is scheduled for Feb. 2. To continue reading this interesting article from Los Angeles Business Journal click here.

Full post as published by The Trade Secrets Vault on January 18, 2009 (boomark / email).