Saturday, August 19, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
YouTube TV expands to new markets
Facebook Tests News Stories Customized to Users' Interests
Google Home Now Supports Free Calls
Asus Unveils the ZenFone 4 Pro, ZenFone 4, ZenFone 4 Selfie Pro, and ZenFone 4 Selfie
Nokia 8 Shipped With ZEISS Optics
Apple is Getting Serious in TV Shows and Film Prospect
Acer's New 4K Projectors Bring the Benefits of Cinema Home
Fiat Chrysler Joins BMW, Intel, Mobileye in Autonomous Driving Team
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 > General Computing > Western...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, June 15, 2017
Western Digital's SanDisk Subsidiaries Seek Injunctive Relief Against Toshiba in the Superior Court of California


Western Digital asked a court in California for an order blocking the sale of the chip unit of Toshiba, its partner in a manufacturing joint venture.

Several of WD's SanDisk subsidiaries have sought preliminary injunctive relief in the Superior Court of California for the County of San Francisco preventing Toshiba from transferring its three NAND flash-memory joint ventures operated with Western Digital until the request of the SanDisk subsidiaries for injunctive relief in arbitration is decided by the arbitral tribunal.

Steve Milligan, chief executive officer of Western Digital, stated, "Western Digital has been working tirelessly to reach an agreement that is beneficial to all stakeholders. Toshiba Corporation's attempts to circumvent our contractual rights have left us with no choice but to take this action. It is our concern that, left unchecked, Toshiba would pursue a course that clearly violates these rights and also runs decidedly counter to the best interests of the JVs and also to the hard working people at Toshiba Corporation's NAND Flash business in Japan. Western Digital's desire to work collaboratively with Toshiba for the benefit of the JVs and Japan is stronger than ever, and we will continue to pursue a solution that is in the best interests of all parties."

"We cannot comment as we have not yet received the complaint," said Kaori Hiraki, a spokeswoman for Toshiba. "We are proceeding with selecting the preferred bidder by the second half of June, and will seek to close the definitive agreement by June 28."

Western Digital claims that the anti-transfer provisions of the relevant agreements between Toshiba and SanDisk, which govern their NAND flash memory joint ventures, "are unambiguous and explicitly require that Toshiba obtain SanDisk's consent prior to any transfer of JV interests."

Western Digital says it has worked with both Toshiba and the Japanese government to develop a solution that is in the best interests of all parties, but Toshiba "has continued to try to invent ways to circumvent Western Digital's bargained-for consent rights under the JV agreements."

"As a result, we have been left with no choice but to take further steps to ensure that Toshiba does not unilaterally pursue a course of action that violates our clear contractual rights - one that would also be to the detriment of the JVs and Japan at large," WD said.

On May 14, 2017, Western Digital announced that several of its SanDisk subsidiaries filed a Request for Arbitration with the ICC International Court of Arbitration related to the three NAND flash-memory joint ventures operated with Toshiba, and Western Digital is moving forward with the arbitration.



Previous
Next
Surface Laptop and Surface Pro Available Today Worldwide        All News        Pioneer's Flagship Se-Monitor5 Hi-Res Headphones Released
Intel Invests in Three AI Companies     General Computing News      Microsoft AI Masters Pac-Man

Get RSS feed Easy Print E-Mail this Message

Related News
Toshiba's SG6 SSD Client SSD Uses 64-Layer 3D Flash Memory
Toshiba Announces NVMe over Fabrics Software Technology, Enterprise-Class SSDs with 64-Layer 3D Flash Memory
Toshiba Stops Blocking Western Digital Access to Chip JV, Invests in new chip line without Western Digital
Toshiba Unveils Single Package NVMe Client SSD Utilizing 64-Layer, 3D Flash Memory
Toshiba to Notify Western Digital Before Closing a Memory Sale
Toshiba TR200 SSD Series Uses 64-Layer 3D Flash Memory
Western Digital Announces Four-bits-per-cell Technology On 3D NAND
Toshiba Resumed Blocking Western Digital Access to JV Database
Court Says Western Digital Should Have Access Toshiba's Technical Databases
Toshiba in Talks with Western Digital, Foxconn Over Memory Unit Sale
Western Digital Responds to Toshiba's Actions
Toshiba Delays Chip Unit Deal, Sues 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 1998-2017 - All rights reserved -
Privacy policy - Contact Us .