Toshiba ordered to pay Lexar Media $465.4 million

Posted on Friday, March 25 2005 @ 17:53 CET by Thomas De Maesschalck

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

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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