DuPont Wins $919 Million Lawsuit Against S. Korean Firm

Posted September 14th, 2011 at 8:30 pm (UTC-5)
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A U.S. court has awarded the American chemical company DuPont $919.9 million in damages after a jury found that a South Korean company stole trade secrets.

DuPont accused Kolon Industries of striving to obtain confidential details on the manufacturing of Kevlar — a DuPont fiber used in bulletproof vests.

DuPont calls the verdict an enormous victory for global intellectual property protection. The company says the verdict sends a message to potential thieves that DuPont will pursue all legal remedies to protect such information.

Kolon denies stealing so-called trade secrets and accuses DuPont of trying to put it out of the protective fiber business. Kolon says all the information it is alleged to have stolen is public knowledge.