SAN FRANCISCO (Reuters) - Toshiba Corp said on Friday that a California court has granted the company a new trial on more than US$465 million in damages a jury had previously awarded Lexar Media Inc.
A jury found Toshiba guilty of breach of fiduciary duty and theft of trade secrets in March.
"We are very pleased that the court has granted a new trial, vacating what we considered to be an erroneous verdict, and we look forward to trying these issues in a new trial," the company said in a statement.
Eric Whitaker, Lexar's general counsel, said in a statement issued by Lexar: "We are confident that another jury will award us the damages we are entitled to recover".
California court grants Toshiba new trial in Lexar case
By
Staff Writers
on Dec 5, 2005 10:56AM
.png&w=100&c=1&s=0)
.png&w=100&c=1&s=0)
