Toshiba's response on lawsuit with Lexar
Toshiba Corporation (Toshiba) and its subsidiary,
Toshiba America Electronic Components, Inc. (TAEC), announced their response
today to the July 8, 2005 Statement of Decision issued by the Honorable Jack
Komar, presiding judge in the trade secret lawsuit with Lexar over claimed NAND
Flash-related trade secret misappropriation. Toshiba invented NAND Flash memory
technology and has been a pioneer throughout its development. Flash memory
remains a strategic product for Toshiba Corporation and one in which Toshiba
owns original technologies.
Toshiba pleased with statement
"We are pleased with Judge Komar's statement
that there is no basis for injunctive relief as sought by Lexar in the trade
secret lawsuit," said Julius G. Christensen, senior vice president and general
counsel for Toshiba America Electronic Components, Inc. "As this litigation
moves to its conclusion, we will continue to pursue all legal avenues available
to us to correct what we believe to be an erroneous jury verdict in this case."
Posted: Tue - July 12, 2005 at 09:26 AM