DuPont Files Lawsuit Against Kolon Industries for Theft of Trade Secrets
DuPont filed a civil lawsuit yesterday in U.S. District Court in Richmond, Va., against Kolon Industries, a competitor of DuPont in aramid fiber, for theft of trade secrets and confidential information regarding DuPont™ Kevlar® aramid fiber. The company issued the following statement from Senior Vice President and General Counsel Tom Sager:
“This action underscores the measures that DuPont, as a market-driven science company, will pursue to protect our proprietary information for the benefit of our shareholders and customers. We are taking action to ensure that our trade secrets remain protected. DuPont also is filing a lawsuit today in Canada and is considering similar actions in other countries. We are pursuing all available legal remedies regarding this issue, including damages and injunctive relief, to prevent further misappropriation of DuPont proprietary information.
“The company’s previously announced USD 500 million investment in a new Kevlar® plant in South Carolina and its expansion in Richmond, Va., reflect our confidence in this technology and business. With our current and future Kevlar® offerings, we will continue to safeguard first responders and military personnel around the world. The DuPont™ Kevlar® business remains strong.
“DuPont’s policies and processes are designed to protect our technologies. We will aggressively pursue anyone who tries to steal our intellectual property.”
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