Siemens Accuses GE of Exaggerating Trade-Secret Theft Claims (1)

Siemens Energy AG accused General Electric Co. of embellishing claims of trade-secret theft in a bid to put its German rival at a disadvantage in the tough market for gas-power turbines -- the latest allegation in a U.S. lawsuit between the two companies.

In a January lawsuit, GE claimed that Siemens Energy used confidential information about GE’s gas turbines to help the German company’s U.S. unit unfairly win at least nine gas-turbine contracts that GE claimed were worth billions of dollars. GE claimed a Siemens account manager obtained the information during a bidding process and shared it with dozens ...