Wednesday, September 28, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Europol Says Ransomware Is A Top Cybercrime Threat
New Amazon Fire TV Stick Comes With Alexa Voice Remote
Qualcomm Snapdragon 600E and 410E For Embedded Applications Now Available Through Arrow Electronics
NVIDIA Launches New AI Technology At Third Regional GPU Tech Conference
Blackberry Offifially Stops Making Smartphones, Outsources Mobile Business To Indonesian BB Merah Putih
SpaceX Chief Envisions Ships Flying to City On Mars
New Macbook Air, Macbook Pro 2016 Comig Next Month
Samsung Pay Adds Support for Coupons and Restore Function
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
Seagate Invited ValueAct To Become A Major Shareholder
Seagate Accelerates Enterprise Momentum With 10GB/s PCIe SSD And 60TB SAS SSD
Seagate Introduces New SATA SSD For Enterprise Cloud Applications
Western Digital Increases WD Gold Hard Drives Capacity
Seagate Releases First 2TB M.2 Enterprise SSD
Seagate Unveils 10TB hard Drive Portfolio
Seagate Ups Q4 Outlook, Cuts 6500 Jobs
Seagate To Axe 1,600 Employees
Western Digital My Passport Line Now In Capacities of Up To 4TB
Western Digital Launches My Passport Wireless Pro Hard Drive
Hitachi Hard Drives Remain The Most Reliable, Report Found
China Approves Sandisk Acquisition By Western Digital

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .