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Itochu, US Settle Zylon Marketing Claims For $6.8M

By Tina Peng (December 9, 2009, 6:19 PM EST) -- The Japanese conglomerate Itochu Corp. and its American subsidiary Itochu International Inc. have reached a $6.75 million settlement with the U.S. to resolve False Claims Act allegations that the trading companies misleadingly marketed the defective Zylon fiber used in bulletproof vests that the government purchased for law enforcement agencies....

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