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Last updated on April 18, 2014 at 16:41 EDT

Latest Kolon Industries Stories

2012-08-31 06:22:05

WILMINGTON, Del., Aug. 31, 2012 /PRNewswire/ -- DuPont issued the following statement after a ruling yesterday by the U.S. Federal Court in Richmond, Va., ordering Kolon Industries to stop producing and selling their Heracron® aramid fiber: "The 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 Kevlar® technology,"...

2011-09-14 15:08:00

RICHMOND, Va., Sept. 14, 2011 /PRNewswire-USNewswire/ -- Kolon Industries issued the following statement after the jury decision in favor of plaintiff E.I. DuPont de Nemours and Co. in a case before the U.S. District Court of the Eastern District of Virginia (Richmond Division): Today's verdict is the result of a multiyear campaign by DuPont aimed at forcing Kolon out of the aramid fiber market. Although Kolon respects the decision rendered by the Eastern District of Virginia jury, it...

2011-09-14 14:29:00

WILMINGTON, Del., Sept. 14, 2011 /PRNewswire/ -- DuPont (NYSE: DD) today won a civil lawsuit for $919.9 million in the U.S. District Court for the Eastern District of Virginia in Richmond, Va., against Kolon Industries, with the jury finding that Kolon stole trade secrets and confidential information regarding DuPont(TM) Kevlar® aramid fiber. Kolon, a South Korea-based company, was found liable for misappropriation of trade secrets, and the jury found that its actions...

2010-03-18 10:08:00

RICHMOND, Va., March 18 /PRNewswire-FirstCall/ -- DuPont (NYSE: DD) issued the following statement from Senior Vice President and General Counsel Thomas L. Sager after former employee Michael Mitchell was sentenced to 18 months in U.S. Federal Prison and restitution to DuPont for fees and costs spent on the case following pleading guilty in U.S. Federal Court in Richmond, Va., to Theft of Trade Secrets and Obstruction of Justice: "In 2007, we became concerned about the activities of...