Saturday, December 10, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
U.S. Confirms Samsung and LG Dumped Washers
Xiaomi Electric Vehicle Launch on Monday, Yeelight LED Ceiling Light Launched
Hon Hai, Sharp To Build Massive LCD TV Plant In China
U.S. To Review Cyber Attacks Beyond 2016 Election
Samsung To Brick Remaining Note7 Device Through Software Update
Samsung SDI to Supply Batteries To Lucid Motors
Samsung To Design And Make Chips For Tesla Cars
Google Opens its Digital Assistant to Developers
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 Renews Patent Cross-License Agreement with Samsung
Western Digital Introduces Enterprise-Class HDDs and SSDs, 14TB SMR HDDs On The Way
Seagate Introduces Cloud-syncing Portable Hard Drive for Amazon Drive
Seagate Releases 10TB IronWolf Pro For Small-To-Midsize Enterprises
Western Digital Introduces The Entry-Level ActiveScale P100 Object Storage System
Seagate Introduces 5TB Mobile Drive, New ClusterStor System For HPC Applications
Seagate Launches 512GB SSD For The Xbox
Seagate 6th Generation High-Speed Enterprise Performance HDD
Western Digital Introduces WD Blue And WD Green SSDs
Seagate Launches Two New BarraCuda Drives
Seagate Invited ValueAct To Become A Major Shareholder
Seagate Accelerates Enterprise Momentum With 10GB/s PCIe SSD And 60TB SAS SSD

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 .