DuPont comments on court ruling against Kolon
ERJ staff report (DS)
Richmond, Virginia - DuPont issued a long statement after a ruling by the U.S. Federal Court in Richmond, Va., ordering Kolon Industries to stop producing and selling their Heracron® aramid fiber. Kolon has reportedly re-started production of its material, following acceptance by the judge that Kolon may appeal the judgement.
Thomas L. Sager, DuPont senior vice president and general counsel said, “The injunction, coming on the heels of DuPont's $920 million damages award from last September, reaffirms what was already clear: that Kolon Industries willfully and maliciously misappropriated DuPont's proprietary Kevlar® technology.†He continued, “The trial court ordered Kolon to not produce, market or sell any para-aramid fiber products, worldwide, for 20 years; it also permanently enjoined Kolon from using any of the trade secrets it stole from DuPont. Additionally, Kolon has until Oct. 1 to remove and return DuPont's trade secrets or face contempt proceedings.
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Press release from DuPont
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