Sunday, December 17, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Samsung Galaxy A8, A8 Plus and LG K Series to Appear at CES
North Korea Behind attacks on Cryptocurrency Exchanges: report
BlackBerry Ends Support for Priv, Talks About the Future of BB10
Google to Shut Down Project Tango in March 2018
Facebook Admits Spending Time on Social Media is Bad for You
Facebook Will Start Putting Ads Before Videos
Samsung's Smart Speaker Coming Next Year
Internet Neutrality is Officially Dead
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 and Western Digital Reach Settlement, Agree to Strengthen Flash Memory Collaboration
Toshiba and Western Digital Close to Agreement Over Memory Chip Sale
Toshiba Moving Closer to Deal With Western Digital
Toshiba Launches First 14TB HDD with Conventional Magnetic Recording
Toshiba Releases 10TB NAS-Class Hard Drive
WD Announces New Line of SanDisk 3D iNAND Embedded Flash Devices
Toshiba Unveils 2TB XG5-P NVMe SSD
Toshiba Offers New 10TB Surveillance Hard Disk Drive
Toshiba's Board Approves $5 billion Injection to Stay Listed
Asus Could Buy Toshiba's PC Business
Toshiba Sells TV, Visual Solutions Unit to Chinese Hisense
Toshiba's Profit Jumps on Strong Memory Demand

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 .