KEMET Files Lawsuit Against AVX to Protect Trade Secrets
19 January 2005KEMET Corporation (NYSE: KEM) announced that it has filed a lawsuit against AVX Corporation (NYSE: AVX) in the South Carolina Court of Common Pleas to protect trade secrets relating to the development and manufacture of tantalum polymer capacitors. KEMET has been in production with these advanced components since 1999, and they now constitute the fastest growing segment of this market. In the lawsuit, KEMET alleges that AVX had access to KEMET's trade secrets after hiring a KEMET scientist working in KEMET's Technology group. The suit alleges that through this scientist, certain KEMET trade secrets related to tantalum polymer capacitor manufacturing were acquired by AVX, which has recently introduced similar products on a commercial basis. KEMET seeks judgment against AVX for actual and exemplary damages, attorney's fees, and injunctive relief to eliminate any commercial advantage that otherwise would be derived by AVX from the misappropriation of KEMET trade secrets.
Contact: John R. Warner Vice President, Strategy and Communications JohnWarner@KEMET.com 864-963-6640
Source: PR Newswire
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