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International Rectifier Loses Case

By ALEXA HYLAND

International Rectifier Corp. lost its battle with ousted chief executive Alexander Lidow when a Los Angeles federal judge dismissed its lawsuit over alleged theft of trade secrets.

The El Segundo maker of power management chips filed the suit in September, alleging that Lidow engaged in an ongoing criminal enterprise -- also known as a racketeer influenced and corrupt organization, or Rico -- by stealing information and intellectual property related to the company's $60 million secret research. The judge dismissed the suit on Monday.

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