Chinese Cos. Indicted Over DuPont Trade Secret Theft

Law360, New York (February 8, 2012, 6:05 PM EST) -- A California grand jury returned an indictment Tuesday against five companies and five of their employees who allegedly engaged in a scheme to steal DuPont Co.’s secret paint pigment process for rivals backed by the Chinese government.

The superseding indictment charges Pangang Group Company Ltd., a Chinese state-owned enterprise, as well as three of its subsidiaries and Oakland, Calif.-based USA Performance Technology Inc. with conspiracy to commit economic espionage and conspiracy to commit theft of trade secrets for their role in an alleged plot to steal...
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