Legal Battle with LG Chem
SK Innovation is preparing to lodge an appeal against the recent default judgment handed down by the U.S. International Trade Commission (ITC) in a lawsuit filed by LG Chem alleging that SK Innovation violated its electric vehicle (EV) battery trade secrets.
SK Innovation is making a final review of its plan to file an appeal with the ITC. An appeal is a usual procedure for a party to request a review of a court decision. The deadline for an appeal against a default judgment is March 3 (local time) in Washington, D.C. of the United States.
The ITC made a preliminary decision in favor of LG Chem on Feb. 14.
The ruling means that SK Innovation violated LG Chem’s trade secrets about secondary batteries. If the decision is not changed, SK Innovation could be banned from exporting battery cells, modules, packs, and related parts and materials to the United States.
“We think that we failed to make a convincing case in the court, so we will review the decision and follow the appeal process,” an SK Innovation official said. “We will decide whether to file an appeal after the final review by our legal team and a law firm.”