Toshiba Responds to Trial Court Ruling on Post-Trial Motions in U.S. Trade Secret Lawsuit on NAND Flash Technologies

Toshiba Corporation and its subsidiary, Toshiba America Electronic Components, Inc. (TAEC), have announced their response to the ruling today by the Superior Court of the State of California, the trial court (court of first instance), on the companies' post trial motions in the lawsuit with Lexar over claimed NAND Flash-related trade secret misappropriation. The court has granted Toshiba Corporation's and TAEC's motion for a new trial on the damages awards for both Lexar's misappropriation of trade secrets claim and breach of fiduciary duty claim. As a result, the jury award in the original trial totaling $465.368 million against Toshiba Corporation and TAEC has been vacated. The court has denied Toshiba Corporation's and TAEC's motion for judgment notwithstanding the verdict (JNOV). We are very pleased that the Court has granted a new trial, vacating what we considered to be an erroneous verdict, and we look forward to trying these issues in a new trial. We are disappointed that the Court has denied our motion for JNOV, and we plan to appeal this decision. Toshiba was a principal innovator of NAND Flash memory technology in the 1980's and has been a pioneer throughout its development. Flash memory remains a strategic product for Toshiba and one in which Toshiba owns original technologies.

Author:  

Email:    

Topic:    

Content:

Related Computer Hardware Articles

• Computer Hardware Coupons:New Coupons from Dell Home!
  16 November 2005



• Computer Hardware Deals:Dell Coupon Codes November 9 To November 17
  12 November 2005



• Computer Hardware Deals:New Coupons from Dell Home November 2005
  8 November 2005



• Computer Hardware Deals:Dell Coupon Codes October 14 to October 28
  22 October 2005



• Toshiba Expands White LED Driver Product Line With White LED Driver IC That Powers Up to 8 LEDs in Series
  20 October 2005



• Computer Hardware News:IBM Acquires DataPower
  18 October 2005



• Computer Hardware News:KY Ho and Betty Ho Insider Trading Allegations Dismissed By Ontario Securities Commission
  14 October 2005



• EDGE Tech Corp Combines Flash Card Reader with iPod® Dock
  8 October 2005



• EDGE Tech Corp Combines Flash Card Reader With iPod(R) Dock; New EDGE(TM) Dock & Multi Flash Card Reader for iPod(R) to Ship Immediately
  6 October 2005



• Unique Data Erasure Solution to Minimize Legal Risk Associated with Retiring Computer Hardware and Hard Drive Data
  11 August 2005