15 September 2011 18:17 [Source: ICIS news]
HOUSTON (ICIS)--Kolon Industries may appeal against a $919.9m (€671.5m) verdict that DuPont won in a ?xml:namespace>
A jury found that Kolon was liable for misappropriation of trade secrets and that its actions were wilful and malicious.
Kolon said it has legal and factual grounds for an appeal, and it will pursue all legal means to address the verdict.
In 2007, DuPont became concerned about Kolon’s activities and notified the Federal Bureau of Investigation (FBI), the Department of Justice and the Department of Commerce.
An FBI investigation revealed that in August 2008, three Kolon managers had flown to
According to the investigation, the managers flew to Richmond to obtain confidential information about DuPont process technology.
Later, the federal government charged former DuPont employee Michael Mitchell with stealing trade secrets and obstructing justice.
Mitchell pleaded guilty and was sentenced to 18 months in a US prison.
($1 = €0.73)
For more on DuPont visit ICIS company intelligence
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