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