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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.

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