November 23, 2011 / 9:20 AM / 7 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

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