Law360, New York (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.
The U.S. Department of Justice announced the settlement Monday. No complaint was filed in the matter.
The settlement is part of a larger government investigation into industry use of Zylon in body armor, the DOJ said in...
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