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GRAND RAPIDS, Mich. (AP) - Federal lawsuits were filed Tuesday from both sides following Dow Chemical Co.'s decision last month to fire two top-ranking officials whom it accused of trying to secretly negotiate a leveraged buyout of the company.
In U.S. District Court in Bay City, Mich., Dow Chemical sued J. Pedro Reinhard, a senior adviser and 37-year veteran of the company who spent 10 years as its chief financial officer, and Romeo Kreinberg, a divisional executive vice president.
Dow fired the two men on April 12, only days after Dow Chemical disputed a British newspaper report saying the company was in buyout talks.
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