General Electric Co and one of its former attorneys have settled a 2007 lawsuit accusing the U.S. conglomerate of gender discrimination. The complainant, Lorene Schaefer, who had served as general counsel of GE Transportation, said the terms of the settlement were confidential. GE spokesman Gary Sheffer confirmed that the suit had been settled but declined to comment further. In her suit, … Schaefer alleged that…[GE] systematically underpaid and underpromoted women employees. Her suit had sought $500 million in damages for a class of 1,500 to 1,700 GE women executives and lawyers…