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

toggle

Most Popular

Sponsor

Recent Reviews

Razer Taipan mouse

The list of gaming devices is growing larger with each passing day. A large number of companies have entered the gaming input arena, a ...

Cambridge Audio DacMagic XS

Every computer with a microphone or headphone port has one -- a digital to analog converter (DAC). There are nearly as many chipsets a ...

D-Link Wi-Fi Smart Plug

Home automation fans have been getting their fair share of gadgets and accessories in the last few years. Starting with light bulbs, a ...

Sponsor

toggle

Most Commented

 
toggle

Popular News