Wednesday, April 16, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
AMD Demonstrates Next-Gen x86 APU Running Fedora Linux
Lenovo Introduces A to Z and FLEX 2 series Of Laptops and Desktops
Japanese Court Rejects Mt Gox Bankruptcy Protection Application
LaCie Warns Of Security Breech
Smartphone Makers, Carriers To Support Anti-theft Initiative
Samsung Galaxy S5 Carries A Very High Bill of Materials
Intel's Quarterly Net Better Than Expected
Researchers Hack Galaxy S5's Fingerprint Scanner
Active Discussions
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
Video editing software.
 Home > News > PC Parts > Seagate...
Last 7 Days News : SU MO TU WE TH FR SA All News

Monday, November 21, 2011
Seagate Wins $525 Million From Western Digital in Arbitration


Western Digital today reported that on November 18, 2011, an arbitration award of $525 million was rendered against the company by an arbitrator in a pending confidential arbitration action in Minnesota.

The amount of the award does not include prejudgment interest, which will be subsequently determined. The award involves claims brought by Seagate Technology LLC against WD and one employee who was formerly employed by Seagate, alleging misappropriation of confidential information and trade secrets.

"We do not believe there is any basis in law or fact for the damage award of the arbitrator," said John Coyne, president and chief executive officer. "We believe the company acted properly at all times and we will vigorously challenge the award. This does not affect our ability to conduct our operations, to complete the recovery and recommencement of our Thailand operations or, subject to obtaining the required regulatory approvals, to consummate our planned acquisition of Hitachi GST."

Seagate did not comment on the matter.

Western Digital in March agreed to acquire Hitachi's hard drive business for $4.3 billion, which is undergoing regulatory approvals. Seagate in April agreed to buy Samsung's hard drive business for $1.38 billion, which has been approved by the European Union.


Previous
Next
Nearly All Mobile Malware in Q3 Was Targeted at Android        All News        Samsung And LG TO Showcase 55-inch OLED TVs at CES 2012
Google Improves Chromebooks, Lowers Their Price     PC Parts News      Intel To Brings TRIM Support To RAID0

Get RSS feed Easy Print E-Mail this Message

Related News
LaCie Showcases Latest Thunderbolt 2 Storage Solutions Based on New 6TB Seagate Hard Disks
Western Digital Introduces Thunderbolt-Powered Dual-Drive For Macs
WD Simplifes TV Recording and Playback with 1 TB My Passport AV-TV Hard Drives
WD Introduces 2-Bay Personal Cloud Storage
HGST Debuts Touro S Mobile External Hard Drives, 15K RPM Enterprise-class Ultrastar C15K600 family
Seagate, WD Announce Latest Surveillence HDDs
WD Simplifies Hybrid Cloud Backup With Latest Arkeia Software
Hitachi HDDs Have The Lowest Failure Rate: report
Seagate, LaCie Showcase Their Storage Technologies at CES
Seagate to Acquire Xyratex For $374 mln
WD Launches WD Black2 SSD/HDD Combo Drive
Seagate Offers Windows Storage Server To Small- And Medium-Sized Businesses

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .