Lexar wins $465.4 million against Toshiba

On Wednesday a Californian jury found Toshiba guilty of theft of trade secrets from Lexar and issued damages of $381.4 million dollars, a day after they awarded an additional $84 million in punitive damages. The total awarded to Lexar in this case is some $465.4 million which is apparently the largest IP verdict in California history and the third largest IP verdict in the United States. This case relates to the use of Lexar trade secrets in Toshiba's NAND flash chips, CompactFlash cards, Secure Digital and xD-Picture Cards. Toshiba said that it 'believes that the verdict rendered by the jury was in error, and we plan to pursue all available legal avenues to correct it'.

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