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Siemens Energy Stock Tumbles as GE Sues Rival Over Alleged Trade Secrets Theft

Siemens Energy stock tumbled on Friday, after General Electric sued the German company over the alleged theft of trade secrets it claims were used to win contracts worth billions of dollars. Shares in the company, a spinoff of Siemens that listed in September last year, were 6.3% lower in early trading. Despite the fall, the stock has still risen 44% since its listing. The lawsuit, filed with a U.S. District Court in Virginia on Thursday, alleges that Siemens Energy obta...
United States South Carolina Siemens Energy Dominion Energy Us District Court General Electric

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