GE Escapes Employee Suit Over Iraq Bribery Worries

Law360, New York (June 29, 2012, 8:48 PM EDT) -- A former GE Energy USA LLC employee lost a Texas suit Friday accusing GE of violating securities law by firing him after he complained that the hiring of a woman close to the Iraqi government amid pursuit of an energy contract could expose the company to bribery allegations.

U.S. District Judge Nancy F. Atlas tossed a suit brought by Khaled Asadi, who formerly served as GE's country executive for Iraq, under the Dodd-Frank Wall Street Reform and Consumer Protection Act, finding that the act's anti-retaliation provision...
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