Paul Hastings Leads Lotte Chemical Corporation to U.S. Trade Secrets Litigation Victory
Seoul/ Washington, DC /Palo Alto (January 09, 2013) - Paul Hastings, a leading global law firm, announced today that it represented Lotte Chemical Corporation (Lotte), a member company of the Lotte Group and previously known as Honam Petrochemical, in a significant trade secrets litigation victory in the United States District Court for the Middle District of Alabama Northern Division.
In February 2012, American Structural Needling Company, a division of Burnam Enterprises, LLC brought suit against DACC Co. Ltd, Lotte and DACC-Aerospace Co. Ltd., claiming breach of contract, violations of trade secret law, fraud, interference with contractual and business relations, and conspiracy in a complex multi-party international dispute concerning alleged violation of trade secret information. In June 2012, Paul Hastings filed a motion to compel arbitration and stay proceedings pending arbitration of the dispute under the auspices of the International Chamber of Commerce, in an arbitration seated in Seoul, Korea.
On January 7, 2013, the US District Court granted Lottes motion to compel arbitration in full and stayed the litigation pending arbitration of the dispute in Korea. Please find a copy of the decision
The Paul Hastings team included Intellectual Property co-chair
Paul Hastings officially opened an office in Seoul on November 1, 2012 and has practitioners on the ground including IP and complex litigation specialists. The office, located in the prestigious Mirae Asset Center1 building in downtown Seoul, marks Paul Hastings twentieth office worldwide and its fifth in Asia.
Paul Hastings is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.