Home Wealth  Money Western Digital Plans To Challenge Seagate Judgement

Western Digital Plans To Challenge Seagate Judgement

Posted: Nov. 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
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
Jeff Bridges' $29.5M Montecito Estate is Up for Grabs
You Have to See This Insanely Cool House That Combines Rugged Cliffside Design and Futuristic Minimalism
Watch Race Cars and Landing Aircraft at Porsche's New Gourmet Restaurant 356
Dine 19 Feet Underwater or 19 Feet Up in the Trees at These Two Awesome Restaurants in the Maldives
Aston Martin Milano Rapide S Dom Pérignon Has a Champagne Cellar in the Trunk...Because Why Not?
Elon Musk Adds "Ludicrous" Mode to Turn the Model S Into a Private Roller Coaster
Marshall's London Smartphone is Calling and You Better Believe We're Answering
Chef Gilberto Guidi On Honest Food, Olive Oil Farming and What it's Like Running a Rustic Trattoria in the Heart of Northern Italy
CAVU Has its Own Bowling Alley, Vichy Spa, Outdoor Kitchen & Our Full Attention
5 Car Shows Around the World Where You’ll Find the Biggest Auto Unveilings
See the complete list
 
Featured Photo Gallery
See the complete list
THINGS WE LIKE