⚖Toyobo Reaches Settlement with United States Department of Justice in Zylon® Fiber Bullet Resistant Vests Damages Lawsuit

By Regulation, litigation

⚖Toyobo Reaches Settlement with United States Department of Justice in Zylon® Fiber Bullet Resistant Vests Damages Lawsuit

Mar 16, 2018
With respect to the two actions for damages filed with the United States District Court for the District of Columbia by the United States Department of Justice (the “Plaintiff”), Toyobo Co., Ltd. (“Toyobo”) hereby announce that today (March 15, Eastern Time), it entered into an agreement to settle these cases in exchange for Toyobo’s payment of USD 66,000,000 to the Plaintiff. The details are as follows:

http://www.toyobo-global.com/news/2018/release_2190.html

http://www.toyobo.co.jp/news/2018/release_8645.html

Japanese Fiber Manufacturer to Pay $66 Million for Alleged False Claims Related to Defective Bullet Proof Vests

https://www.justice.gov/opa/pr/japanese-fiber-manufacturer-pay-66-million-alleged-false-claims-related-defective-bullet

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