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Toshiba to challenge Lexar trade secrets verdict
Toshiba is set to consider a 'legal response' after the verdict from a Californian jury, which ordered the company to pay Lexar $465.4 m following theft of trade secrets and punitive damages, Reuters reports. The news was announced by the head of Toshiba, Tadashi Okamura, at the annual shareholders' meeting. Toshiba was found guilty in March of theft of trade secrets relating to NAND flash chips used in CompactFlash cards, Secure Digital and xD-Picture Cards. Okamura told Reuters, "We developed the NAND flash-related technology on our own. The ruling is totally unjust and we would like to consider a legal response."