DuPont’s $920 Million Verdict in Kolon Kevlar Case Tossed
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Kolon Industries Inc. won reversal of a $920 million jury award to Dupont Co. over the alleged theft of trade secrets for the making of Kevlar, wiping out the third-largest U.S. verdict of 2011.
South Korean chemical maker Kolon was wrongfully barred at trial from presenting evidence that some of DuPont’s trade-secret claims for the anti-ballistic fiber used in police and military gear were invalid, the U.S. Court of Appeals in Richmond, Virginia, ruled today. The court granted Kolon a new trial and said the case should be reassigned to another judge.