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
History Lives on Through Dutch Artist Henk Pander's Paint Brush
New Ultra-Exclusive Hawaiian Development Kohanaiki Attracting the World's Elite With its Stellar Amenities and Charm
VIDEO: A Private Video Tour of the Mercedes-Maybach S600
The Devialet Phantom Speaker, So Loud You May Need Ear Plugs
The Overnight's Adam Scott Chats Fake Penises, Awkward Preschool Camping Trips, & the Next U2 Podcast
Lexus Makes Hoverboards Part of Our Future With New Slide Prototype
The NFL’s Most Exclusive Football Club is for the Most Valuable Playas Only
Ninebot One is the Newest Electronic Unicycle to Outsmart its Peers
Chivas Regal's The Icon Introduced as “The Pinnacle of Luxury” at the World’s Tallest Tower in Dubai
Helipads Are Passé: Russian Billionaire Designs Yacht With Its Own Private Jet
See the complete list
 
Featured Photo Gallery
See the complete list
THINGS WE LIKE