Home Wealth  Money Western Digital Plans To Challenge Seagate Judgement

Western Digital Plans To Challenge Seagate Judgement

Posted: Jul. 23rd, 2012  |  By Forbes

powered by Forbes

RSS Syndicated News Email a Friend Suggest an Article Share Visit Website

Hard drive maker Western Digital said today that a judgment was rendered against it late last week in an arbitration action brought by Seagate Technology .

An arbitration award of $525 million was rendered against Western Digital (nyse: WDC - news - people ) in the confidential arbitration action. The award does not include prejudgment interest, which will be determined later.

Seagate brought claims against Western Digital and an employee who formerly worked at Seagate, alleging misappropriation of confidential information and trade secrets.

Western Digital's CEO said he believes his company acted properly at all times and will challenge the award.

The ruling does not affect the company's planned acquisition of Hitachi (nyse: HIT - news - people ) unit Hitachi GST, he noted.

Market News Video produces and distributes online videos about stocks and investing.




Share on Facebook Share
See Next Article
Write a Story/Review about this topic

Post a Comment

 
Need to Get Away?
Top 10 Business Hotels
Who says you can’t mix business with pleasure?
Read More
More Articles from Forbes.com

advertisement
Quick Links
Autos
Boating
Real Estate
Luxury Travel
Fashion
Search Real Estate
Find Your Dream Home
Search for homes by
State, Country or Style.
Event Calendar
advertisement
Current News & Features
The LAMove Mobile Closet Makes Jet Setting Even Easier
Check Out the Largest Private Collection of Bugatti's in the World at New Exhibition
Live Like Marty McFly With the Super Cool Hendo Hoverboard
The Ultimate Selfridges Foodhall Hamper is Sure to Be a Mindy Kaling Favorite
What's Next for Artist Adrien Broom Now That She's Done With the Color Project?
Meet Caskers, the Online Spirits Concierge Don Draper Would Drool Over
Deck Your Halls With This $59K Oprah-Approved Turkish Rug From Nakkaş
It's Time You Scored a Bottle of Rémy Martin's Louis XIII Le Jeroboam Cognac
Talking Wine With Luxury Brand LVMH's Newton Vineyard Estate Director Rob Mann
Golden Beats On-Ear Headphones & Pill Speaker Are the Flashy Holiday Gifts You've Been Looking For
See the complete list
 
Featured Photo Gallery
See the complete list
THINGS WE LIKE