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Lexar Media award affirmed by final judgement

Mark Peters : 2005-10-15 14:30:00
Lexar Media award affirmed by final judgement : Lexar announced that the trial court has entered final judgment in Lexar Media, Inc. v. Toshiba Corporation et al. In entering the judgment, the Superior Court for the State of California affirmed the jury verdict delivered in March in the case against Toshiba Corporation and Toshiba America Electronic Components, Inc. in which the jury awarded Lexar over $465 million in damages based on Toshiba Corporation and Toshiba America Electronics Components' breach of fiduciary duty and theft of trade secrets from Lexar. Lexar was pleased that, after 6months of Toshiba's efforts to challenge the jury verdict, the Court has rejected those challenges and entered judgment confirming that verdict."

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