Judge Upholds $919M Award For DuPont

Tue, 01/31/2012 - 8:21am

WILMINGTON, Del. (AP) — A federal judge in Virginia has refused to overturn the jury's decision on a $919 million damage award against a South Korea company that lost a trade secrets lawsuit to the DuPont Co.

A jury last year ruled that Kolon Industries had maliciously and willfully misappropriated DuPont technology for high-strength synthetic fibers used in products such as Kevlar body armor.

Late last week, the judge denied Kolon's request to rule in its favor because there was insufficient evidence to support the jury's verdict.

The judge said there was substantial evidence that Kolon had intentionally stolen DuPont's trade secrets.

The judge also declined to order a new trial on the damage award or to reduce the amount Kolon was ordered to pay, saying the jury award was not excessive.



Share This Story

You may login with either your assigned username or your e-mail address.
The password field is case sensitive.