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 HeracronÂ® 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, â€œThe 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 KevlarÂ® technology.â€ He continued, â€œThe 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