Textile Co. To Pay $1M To Settle DOJ Zylon Suit

Law360, New York (January 26, 2009, 12:00 AM EST) -- A Canadian textile company has agreed to pay just over $1 million to settle allegations it violated the False Claims Act by helping produce a defective fabric used in bulletproof vests for law enforcement officials.

The settlement with Barrday Inc. of Cambridge, Ontario, is part of a larger investigation into the use of Zylon fabric in body armor, the U.S. Department of Justice announced Friday. The company has agreed to help with the investigation but has not admitted any wrongdoing in the settlement.

Barrday, which weaves...
To view the full article, register now.

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.