
South Korea's Kolon Industries Inc. on Friday welcomed a U.S. court ruling for a retrial of a US$920 million case with DuPont Co. over an alleged trade secret theft. "It is a meaningful ruling that accepts our argument that evidence and testimonies in favor of Kolon were wrongfully ruled out in the first trial," a company official said. "We hope for an objective and fair outcome in the retrial." DuPont, the largest U.S. chemical firm by market value, had filed a lawsuit in February 2009 alleging its South Korean rival stole trade secrets for Kevlar, a type of aramid fiber used to make tires, fiber-optic cables and bullet-proof vests. It claimed that Kolon stole the technology by hiring one of its retired engineers. Kolon denied the charges, arguing that DuPont has made public the details about Kevlar for a long time and started an antitrust suit against the U.S. company just months later.
GMT 09:47 2018 Tuesday ,23 January
SAP unveils big push into French tech start-upsGMT 05:07 2018 Tuesday ,23 January
Noble Group shares surge 37 percent on buyout talksGMT 19:07 2018 Monday ,22 January
BAKS spent Dh225m on charity projects in 2017GMT 22:52 2018 Sunday ,21 January
French firm "recalls baby milk product"GMT 22:27 2018 Sunday ,21 January
US company plans funds that double bitcoin price movesGMT 21:23 2018 Sunday ,21 January
Pence starts Mideast tour in Egypt amid Arab angerGMT 08:54 2018 Saturday ,20 January
Million-euro bill for firm behind Paris bike-share chaosGMT 10:47 2018 Friday ,19 January
German chemical giant BASF sees 'significant' profit leap

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor