Ex-Valspar Chemist Gets 15 Months For Secrets Theft

Law360, New York (December 9, 2010, 6:17 PM EST) -- A former Valspar Corp. chemist who pled guilty to stealing trade secrets worth as much as $20 million from the Chicago-based paint maker has received a sentence of 15 months in federal prison.

Judge Robert Gettleman of the U.S. District Court for the Northern District of Illinois on Wednesday handed down the sentence against David Yen Lee of Jersey City, N.J., and also ordered him to pay nearly $31,000 to reimburse Valspar for its internal investigation costs.

Lee will begin serving the sentence next year, and...
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