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 Lotte’s motion to compel arbitration in full and stayed the litigation pending arbitration of the dispute in Korea. Please find a copy of the decision here.
The Paul Hastings team included Intellectual Property co-chair Jeffrey Randall, Seoul office chair Jong Han Kim, Intellectual Property partnerJeffrey Pade and International Arbitration partner Joseph Profaizer and associates Daniel Prince, Trisha Chang, Stephanie Carpenter, Tad Richman and Jared Lee.
