Did Siemens Energy subsidiary use stolen trade secrets for bid rigging?

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Siemens Energy Subsidiary Accused of Using Stolen Trade Secrets for Bid Rigging

General Electric Co. has filed a lawsuit accusing a subsidiary of Siemens Energy AG, Siemens Energy Inc., of using stolen trade secrets to rig bids for gas turbine contracts. GE alleges that this illicit activity has allowed Siemens to secure contracts worth over US$1 billion. The alleged theft of confidential business information is said to have begun in May 2019, impacting bids for services provided to Dominion Energy Inc.
Allegations of Trade Secret Misappropriation

The lawsuit details claims that a senior employee at Dominion Energy Inc. allegedly transmitted confidential business information submitted by GE for a bid to a Siemens account manager. This information purportedly included Dominion's own analysis of bids, which GE contends provided Siemens with a detailed "blueprint" to secure contracts. These contracts, related to the Peakers Project, were valued at up to US$340 million. GE asserts that the Dominion employee, who is no longer with the company, sent this information to the Siemens manager on at least six occasions, sometimes using a personal email address.
Siemens Energy's Response and Internal Processes

Siemens Energy has stated that it identified the receipt of GE's trade secrets through its own internal compliance procedures. A spokesperson indicated that the company has since implemented remedial measures, including disciplinary actions against involved employees, and has removed GE's confidential information from its systems. Those employees who received the trade secrets have reportedly been restricted from working on similar bids and have been reassigned to other areas within the company.
Impact on Competitive Bidding and Damages Sought

GE claims that the alleged misappropriation of trade secrets has placed it at a significant disadvantage in competing for upcoming contracts, with individual bids valued at at least US$120 million. The lawsuit highlights that since May 2019, Siemens has allegedly won eight other gas turbine bids over GE's proposals, collectively valued at over US$1 billion. GE is seeking to prevent Siemens from utilizing the allegedly stolen material and is demanding damages totaling hundreds of millions of dollars.

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Did Siemens Energy subsidiary use stolen trade secrets for bid rigging?

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