In Pictures: The 9 ugliest allegations of China-based IP theft

IP theft continues to be a threat to businesses’ bottom lines – and a major issue for Sino-American relations.

Valspar WHAT HAPPENED: An employee of the Chicago-area paint company was arrested in March 2009 for stealing technical details on Valspar's products from his workplace. He'd accepted a job offer as an R&D executive with the Shanghai branch of Japanese Nippon Paint just before the theft, unbeknownst to his previous employers.

FALLOUT: The employee, David Yen Lee, was sentenced to 15 months in prison for the theft in December 2010. Nippon Paint hasn't been charged in the case.

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