DuPont awarded $920 million in trade-secrets lawsuit
RICHMOND, Va. — DuPont Co. has been awarded nearly $920 million in damages in a trade-secrets lawsuit involving Kevlar, a high-strength synthetic fiber often used in body armor, the Richmond Times-Dispatch reported.
A federal jury ruled against DuPont’s South Korean competitor Kolon Industries.
According to the lawsuit, which was filed in 2009, Kolon hired a former DuPont employee in order to obtain trade secrets about Kevlar.
The employee, chemical engineer Michael David Mitchell, was sentenced last year to 18 months in federal prison after pleading guilty to theft of trade secrets and obstruction of justice.“It goes without saying that we are extremely elated by the verdict,” said Thomas L. Sager, senior vice president and general counsel of DuPont.