
US chemical giant DuPont won $919.9 million in damages from South Korea's Kolon Industries on Wednesday, convincing a jury that Kolon had stolen its trade secrets, the companies said.DuPont applauded the verdict, which stemmed from a dispute over its Kevlar fiber product, used in body armor worn by police officers and soldiers. "Today's jury decision is an enormous victory for global intellectual property protection and the millions of users of DuPont Kevlar technology and products," DuPont vice president and general counsel Thomas Sager said in a statement. "The size of this award is one of the largest in defense of business processes and technologies," he noted.Kolon rejected the verdict and pledged to appeal, saying it had never sought proprietary information from DuPont and arguing that many of the "secrets" which it had allegedly stolen were actually public knowledge. "Today's verdict is the result of a multiyear campaign by DuPont aimed at forcing Kolon out of the aramid fiber market," the South Korean conglomerate said in a statement. "Although Kolon respects the decision rendered by the Eastern District of Virginia jury, it disagrees with the verdict and is confident that a fair and favorable decision will be reached on appeal."DuPont filed its lawsuit against Kolon in early 2009.
GMT 17:56 2018 Wednesday ,17 January
Ericsson to write down 1.4 billion euros in fourth quarterGMT 19:16 2018 Saturday ,13 January
China shuts Marriott website over Tibet error, scolds other firmsGMT 17:31 2018 Thursday ,11 January
UK group bids for Europe's biggest aluminium smelterGMT 17:24 2018 Thursday ,11 January
UK supermarket Sainsbury's lifts outlook after bumper ChristmasGMT 17:52 2018 Tuesday ,09 January
H&M removes 'black boy' ad after racism accusationGMT 19:38 2018 Wednesday ,03 January
Petrobras pay $2.95bn to settle US class action on corruptionGMT 13:49 2018 Wednesday ,03 January
China’s Ant Financial drops $1.2 billion MoneyGram deal as US approval failsGMT 17:47 2017 Sunday ,31 December
BA owner to buy bankrupt Austrian airline Niki
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor