Dow Claims Against Foreign Competitor, US Subsidiary to Proceed
The Delaware Court of Chancery on Thursday ruled it lacked jurisdiction over foreign companies accused of stealing Dow Chemical's trade secrets for manufacturing paint polymers, but allowed claims to proceed against a Delaware subsidiary and its parent.
October 20, 2017 at 04:38 PM
3 minute read
The original version of this story was published on Delaware Law Weekly
The Delaware Court of Chancery on Oct. 19 ruled it lacked jurisdiction over foreign companies accused of stealing Dow Chemical's trade secrets for manufacturing paint polymers, but allowed claims to proceed against a Delaware subsidiary and its parent.
In a 34-page memorandum opinion, Vice Chancellor Sam Glasscock III said that Organik Kimya's businesses in Turkey, Luxembourg and the Netherlands were not connected to the alleged scheme and to the Delaware-based subsidiary Dow Chemical Co. said Organik had formed to allow it to happen.
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