David Yen Lee Stole Trade Secrets From Valspar To Bring To Chinese Competitor

CHICAGO — A New Jersey man who was a chemist for a suburban Chicago-based paint company has pleaded guilty to stealing trade secrets.

Federal prosecutors say 54-year-old David Yen Lee of Jersey City, N.J., pleaded guilty Wednesday. They say he admits to stealing formulas and information that was valued at up to $20 million. He formerly was a technical director at Valspar Corp.

Read more: David Yen Lee, Arlington Heights, Valspar Trade Secrets, Chicago, Illinois, Trade Secrets, China, Valspar, Chicago News

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