(Bloomberg) -- General Electric Co. filed a lawsuit accusing Siemens Energy Inc. of a “willful and malicious” theft of GE’s trade secrets for gas turbines to unfairly win at least nine gas turbine contracts that the Boston-based company claims were worth billions of dollars.
GE claimed a Siemens account manager received secret information during a confidential bidding process and then distributed it to dozens of other Siemens employees, including ones who used the information to alter a bid to ensure Siemens won a lucractive contract in Virginia.
The complaint was filed in federal court in Richmond, Virginia.
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