In 2007, DuPont became concerned about Kolon's activities and notified the FBI, the Department of Justice and the Department of Commerce. DuPont filed a civil lawsuit against Kolon in 2009 and the jury in the case awarded DuPont $919 million in September 2011. In November, the trial judge ruled that Kolon's conduct warranted punitive damages at the maximum amount allowable by law. Coupled with the September jury verdict, overall damages against Kolon now total over $920 million, accruing post-judgment interest.Groundbreaking research by DuPont scientists in the field of liquid crystalline polymer solutions in 1965 formed the basis for the commercial preparation of Kevlar® aramid fiber, best known for its military and law enforcement applications. In addition, Kevlar® is used for many commercial and industrial applications, ranging from tires and fiber optic cables to sports equipment and spacesuits.
DuPont Statement On Injunction Against Kolon Industries
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.