Toshiba ordered to pay Lexar Media $465.4 million

Toshiba was ordered to pay Lexar Media $381.4 million in compensatory damages and $84 million in punitive damages by a Calofornia jury for stealing trade secrets.

Lexar, whose memory cards are used in consumer devices such as digital cameras and music players, claimed its secrets were stolen by a Toshiba executive who sat on Lexar's board. Lexar also said it has a patent case pending against Toshiba and was seeking an injunction barring Toshiba from selling its memory products in the United States.

More information at Reuters