Toshiba Wins Appeal in Flash Memory Case

Iria · Dec 6, 2005, 06:34 AM

Toshiba has won the right to a reconsideration of the $465 million in damages levied against it in a case brought by Lexar Media, both sides in the case say. But Toshiba's appeal over the guilty verdict against it was denied.

A jury in California ruled in March that Toshiba should pay Lexar $381 million in damages for breach of fiduciary duty and theft of trade secrets and $84 million in punitive damages in a case concerning flash memory chip technology. Flash memory is widely used in computers and digital consumer electronics products because of its ability to retain data when its power supply is disconnected.
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Read More / Source: Yahoo! News

Dec 6, 2005, 06:34 AM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 89	Toshiba Wins Appeal in Flash Memory Case Toshiba has won the right to a reconsideration of the $465 million in damages levied against it in a case brought by Lexar Media, both sides in the case say. But Toshiba's appeal over the guilty verdict against it was denied. A jury in California ruled in March that Toshiba should pay Lexar $381 million in damages for breach of fiduciary duty and theft of trade secrets and $84 million in punitive damages in a case concerning flash memory chip technology. Flash memory is widely used in computers and digital consumer electronics products because of its ability to retain data when its power supply is disconnected. ____________ Read More / Source: Yahoo! News