Sunday, June 24, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
FCC to Seek for Flexible Use of C-band and 6GHz Airwaves
AMD Presents Modular Routing Design for Chiplet-based Systems
Software Business Continues to Work For BlackBerry
Apple Turns to the U.S. Patent Office to Invalidate Qualcomm Patents
Samsung Patents Bezel-less, Notch-free Smartphone Design
China is Home to Most Smartphone Vendors
VidCon 2018: Youtube Announces Memberships, Merchandise as Alternatives to Ads
Chatting With Google Assistant Gets More Natural
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 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
Western Digital Adds 12TB Western Digital Purple Drive to Surveillance Portfolio
E3: Seagate Debuts New 2TB Game Drive For Xbox SSD
Seagate's New VR Power Drive Adds Capacity and Extends Battery Life of the HTC VIVE Focus VR Headset
Western Digital Pushes Conventional Magnetic Hard Disk Tech to its Limits in New 14TB Ultrastar DC HC530
Western Digital Releases New Gaming SSD with NVMe Performance
Western Digital Debuts Hybrid-Cloud Backup and Recovery Solution with StorReduce Software
Seagate Says Its MACH.2 Multi Actuator Technology Breaks Throughput Record, Announces HAMR Reliability Tests
Seagate Demonstrates New Helium-based, 14TB Exos X14 Hard Drive at OCP Summit 2018
Western Digital to Inject $4.6bn in Toshiba Memory
Seagate Releases Far Cry 5 Special Edition HDD for PS4
MWC: Western Digital Releases 400GB SanDisk Extreme microSDXHS, Demos PCIe-enabled SD card and New NVMe SSDs
Save Your Pirate Stories on the New Seagate "Sea of Thieves" Game Drive for Xbox

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .