DuPont Wins Kolon Property In $920M Recovery Effort

Law360, New York (April 3, 2013, 8:16 PM EDT) -- A New Jersey federal judge has ordered the U.S. subsidiary of South Korea-based Kolon Industries Inc. to hand over property to DuPont Co. as the chemical giant continues efforts to recover $920 million in damages won in a trade secrets suit against Kolon last year.

U.S. District Judge Esther Salas ruled March 22 that DuPont had fulfilled all of its legal requirements under New Jersey law in demanding the property from Kolon Industries USA, which owes its parent company $3.5 million. The opinion was unsealed Wednesday....
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

E. I. DU PONT DE NEMOURS AND COMPANY v. KOLON INDUSTRIES, INC.


Case Number

2:12-cv-05685

Court

New Jersey

Nature of Suit

Other Statutory Actions

Judge

Esther Salas

Date Filed

September 13, 2012

Law Firms

Companies

Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.