IHS Chemical Week

EnviroTech :: Regulatory :: Regulatory: Legal

Court throws out $920-million Kevlar trade secrets verdict

11:09 AM MDT | April 3, 2014 | Rebecca Coons

U.S. Court of Appeals for the Fourth Circuit (Richmond, VA) has thrown out $920 million in damages previously awarded to DuPont in the company's Kevlar patent infringement fray with Kolon Industries (South Korea), according to Bloomberg reports. Aramid fiber, invented by DuPont in the 1960’s, is sold by DuPont under the trade name Kevlar and is one the company’s most iconic brands. The original verdict was handed down in September 2011. DuPont says it became aware of Kolon's activities in 2007 and informed the FBI. The lawsuit was filed in 2009, and...

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