Dow, GE Settle Trade-Secrets Lawsuit

Midland, Mich.-based Dow Chemical Co. and Fairfield, Conn.-based General Electric Co. have settled a lawsuit in which Dow accused GE of hiring away workers to steal trade secrets, company executives said. In a joint news release, the companies said they had reached an “amicable resolution” but would not disclose further details. No money was involved in the settlement, they said. GE spokesman Bruce Bunch said the company did not acknowledge any guilt in the settlement. “We deny the allegations in the suit,” he said. Dow and GE are major players in the fiercely competitive automotive-supplier industry.