It appears you have not yet registered with our community. To register please click here...

Go Back [M] > Madshrimps > WebNews
Western Digital Reports Arbitration Decision, will Challenge the Award Western Digital Reports Arbitration Decision, will Challenge the Award
Register FAQ Members List Calendar Search Today's Posts Mark Forums Read

Western Digital Reports Arbitration Decision, will Challenge the Award
Thread Tools
Old 22nd November 2011, 08:51   #1
[M] Reviewer
Stefan Mileschin's Avatar
Join Date: May 2010
Location: Romania
Posts: 94,338
Stefan Mileschin Freshly Registered
Default Western Digital Reports Arbitration Decision, will Challenge the Award

Western Digital Corp. today reported that on November 18, 2011, an arbitration award of $525 million was rendered against the company by a sole arbitrator in a pending confidential arbitration action in Minnesota. The amount of the award does not include prejudgment interest, which will be subsequently determined. The award involves claims brought by Seagate Technology LLC against WD and one employee who was formerly employed by Seagate, alleging misappropriation of confidential information and trade secrets.

"We do not believe there is any basis in law or fact for the damage award of the arbitrator," said John Coyne, president and chief executive officer. "We believe the company acted properly at all times and we will vigorously challenge the award. This does not affect our ability to conduct our operations, to complete the recovery and recommencement of our Thailand operations or, subject to obtaining the required regulatory approvals, to consummate our planned acquisition of Hitachi GST."
Stefan Mileschin is offline   Reply With Quote

Similar Threads
Thread Thread Starter Forum Replies Last Post
Western Digital Velociraptor jmke WebNews 0 6th September 2009 10:48
Western Digital VelociRaptor jmke WebNews 0 15th May 2009 10:06
Western Digital Velociraptor jmke WebNews 0 4th February 2009 16:29
2TB Western Digital HDD listed jmke WebNews 0 16th December 2008 17:12
UK Team Reports on MSI's Overclocking Challenge jmke WebNews 0 29th August 2008 19:08
400GB SATA-II Challenge - Seagate vs. Western Digital Comparison jmke WebNews 0 4th July 2007 13:04
Western Digital NetCenter NAS jmke WebNews 0 9th March 2007 11:30
Western Digital 500GB RE2 piotke WebNews 1 14th August 2006 10:12
Western Digital Passport Sidney WebNews 0 17th April 2006 04:03
Western Digital Raptor 74 GB jmke WebNews 0 12th June 2004 22:45

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off

All times are GMT +1. The time now is 22:39.

Powered by vBulletin® - Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO