Power management chip-makers International Rectifier Corp (IR) and former CEO of the company, Alex Lidow, are awaiting trial.
Alex Lidow, son of Eric Lidow, was the CEO of IR from 1995 until 2007, yet began working for his father, Eric Lidow, who started the company in 1947, in 1977.
Unfortunately, after a shaky audit that found Lidow to be responsible for irregular product sales in their Japanese firm's subsidiary, analysis claims Lidow cost the company around $117 million in damages. According to the case files, Lidow has been engaging in ongoing criminal enterprise.
He recruited 6 IR employees to the idea of a start up of a new firm, Efficient Power Conservation Corp (EPCC), of which IR's trade secret, silicon-technology-platform, would be incorporated in EPCC and used to rival IR.
Lidow denies allegations of copying the silicon-trade-secret, and claims EPCC would be developing a different semi-conductor for its clients.
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