Kolon Admits Theft Of DuPont Secrets | Chemical & Engineering News
Volume 93 Issue 18 | p. 17 | Concentrates
Issue Date: May 4, 2015

Kolon Admits Theft Of DuPont Secrets

Department: Business
Keywords: trade secrets, intellectual property, p-aramid

South Korea’s Kolon Industries pleaded guilty in federal court in Alexandria, Va., last week to stealing trade secrets regarding DuPont’s Kevlar aramid technology. The company was sentenced to pay $85 million to the U.S. and $275 million in restitution to DuPont. The U.S. Justice Department had previously sought a $225 million fine, and an earlier court decision found Kolon liable to pay DuPont $920 million. DuPont filed suit against Kolon in 2009.

 
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