Dow Chemical Co., GE settle lawsuit alleging theft of trade secrets by GE
PONTIAC, Mich. (AP) _ Dow Chemical Co. and General Electric Co. said today they had settled a lawsuit in which Dow accused its rival of hiring away workers to gain trade secrets in the automotive plastics business.
Specifics were not disclosed, but the companies said in a joint statement that no money was involved.
GE denied the allegations, said Gary L. Rogers, president of GE Plastics. The agreement protects Dow’s business interests, said Anthony J. Carbone, executive vice president of Dow.
Dow filed suit last week in Pontiac, Mich., saying GE hired its former employees for jobs that would cause them to use Dow trade secrets.
Oakland County Circuit Judge Edward Sosnick ordered GE to return any Dow documents, banned it from destroying records of former Dow employees, and barred GE from contacting current Dow workers with job offers.
There was no immediate indication how the settlement addressed those issues.
GE, of Fairfield, Conn., has two major automotive-related units: GE Plastics, based in Pittsfield, Mass., and GE Automotive, in Southfield, Mich. Dow’s automotive unit also is based in Southfield.