A California businessman, Walter Liew, was recently sentenced to 15 years in federal prison after being found guilty by a jury on charges of trade secret theft, economic espionage, witness tampering and making false statements. Mr. Liew, who had contracts with a Chinese company Pangang Group, was charged with stealing trade secrets from DuPont that
DuPont
VERDICT ALERT: DuPont Awarded Nearly $1 Billion in Trade Secret Misappropriation Case
By James Kachmar on
Posted in Trade Secrets and Competition
In September 2011, a federal jury in Virginia awarded DuPont $919.9 Million in a trade secret misappropriation case. DuPont brought the case against Kolon Industries, a South Korean competitor, claiming that Kolon misappropriated 149 of its trade secrets relating to its aramid fiber technology, which is used in products such as Kevlar body armor. The…