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General Electric Co.

In October 2000, two General Electric (GE) employees filed a lawsuit claiming that GE sold defective turbine parts, and five more employees joined the suit in January 2002, alleging the company covered up defects in turbine blades and vanes during production. The federal government joined the suit after investigating the allegations and negotiated the settlement. The blade and vane parts were placed into jet engines in military airplanes and helicopters. Under the settlement, GE will pay employees about 20 percent of the amount, or $2.35 million, and the rest, to reach a total of $11.5 million, will go to the U.S. government. (Jul-21-06) [BOSTON GLOBE]

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Published on Jul-25-06


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