DOVER -A federal jury awarded $919.9 million in damages to the DuPont Co yesterday in a trade-secrets lawsuit involving high-strength synthetic fibers used in products such as Kevlar body armor. The ruling was handed down by a jury in Virginia, following a trial that pitted Delaware-based DuPont against South Korean competitor Kolon Industries. The jury found that Kolon had maliciously and willfully misappropriated 149 DuPont trade secrets related to the technology, known as aramid fibers.
After the verdict was read, DuPont attorney Michael Songer asked the court to award the company US$350,000 in punitive damages for each of the 149 trade secrets. He also moved to freeze Kolon's assets and sought a permanent injunction prohibiting Kolon's continued possession and use of the trade secrets. Kolon released a statement saying it disagreed with the verdict and is confident that a favourable decision will be reached on appeal. DuPont shares rose 1.9 per cent yesterday to close at $45.52.
AP
