November 23, 2011 / 9:20 AM / 6 years ago

U.S. court awards Dupont $920.3 million in damages

SEOUL (Reuters) - A U.S. court awarded DuPont DD.N $920.3 million in damages on Tuesday, ruling that South Korea’s Kolon Industries Inc (120110.KS) violated trade secrets for a fiber used to make Kevlar bulletproof vests, Kolon said on Wednesday.

    The South Korean firm said in a regulatory filing that it would appeal the decision and take all legal measures in response to the court ruling.

    A U.S. federal jury in September ordered Kolon Industries Inc to pay $919.9 million in damages after finding the textile company willfully and maliciously stole trade secrets and confidential information regarding its Kevlar para-aramid fiber.

    Reporting by Hyunjoo Jin; Editing by Jacqueline Wong

    0 : 0
    • narrow-browser-and-phone
    • medium-browser-and-portrait-tablet
    • landscape-tablet
    • medium-wide-browser
    • wide-browser-and-larger
    • medium-browser-and-landscape-tablet
    • medium-wide-browser-and-larger
    • above-phone
    • portrait-tablet-and-above
    • above-portrait-tablet
    • landscape-tablet-and-above
    • landscape-tablet-and-medium-wide-browser
    • portrait-tablet-and-below
    • landscape-tablet-and-below