8 April 1999: Adhesive-label maker Avery Dennison may have lost as much as US$ 200-million (US) in revenue from the theft of its proprietary information, according to a Federal Bureau of Investigation…
8 April 1999: Adhesive-label maker Avery Dennison may have lost as much as US$ 200-million (US) in revenue from the theft of its proprietary information, according to a Federal Bureau of Investigation affidavit. Pin Yen Yang, chief executive of Taiwan-based Four Pillars Ltd., and his daughter are to go on trial soon, charged under the US“ three-year-old federal economic espionage law with soliciting the theft of adhesive formulas and paper-coating innovations developed by Avery Dennison. Other charges include fraud and money-laundering. In opening arguments recently in the US District Court for the Northern District of Ohio, attorney Nancy Luque called the prosecution of the respected Taiwanese businessman, “an outrageous attempt, bought and paid for by Avery Dennison, to use the US government to eliminate its chief Asian rival, Four Pillars Enterprises.” “The evidence will show that Avery Dennison bought off the only government witness in its case against Four Pillars,” continued Ms. Luque.