Printed from http://www.electronista.com

Western Digital made to pay $525m over Seagate trade secret

updated 04:30 pm EST, Mon November 21, 2011

Company to challenge pending arbitration ruling

Western Digital has revealed that on Friday an arbitrator ruled against the company in a dispute between itself and rival Seagate over alleged misappropriation of confidential information and trade secrets. The preliminary award is for $525 million, not including any prejudgement interest. WD plans on challenging the award.

The claim was brought by Seagate against WD and a WD employee who had previously worked for Seagate. Rather than a trial, both parties entered into confidential arbitration in Minnesota. The case was heard by a single arbitrator.

John Coyne, WD's president and CEO, however, has stated that the company will "vigorously" challenge the ruling. He went on to say that the outcome of the arbitration does not impact the company's ongoing operation, its ability to resume its Thailand operations, which were affected by recent flooding, or WD's planned $4.3 billion acquisition of Hitachi's drive group, which was announced last March.



By Electronista Staff
toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

Samsung Galaxy S6 Edge

The Samsung Galaxy S6 range is a critical component in Samsung's flagging smartphone strategy. With sales of its high-end smartphones ...

Notti smart lamp from Witti

Perhaps you've already seen our review of the Dotti LED display from Witti Design. Meet Notti, Dotti's "sibling". Notti is a softball ...

Seagate Personal Cloud (2-Bay)

When it comes to backing up files, many users are now looking to the myriad of cloud storage solutions available. There is no doubt th ...

Advertisement

toggle

Most Commented

 
toggle

Popular News