California Jury Orders Toshiba To Pay $380M In Trade-Secrets Case

Law360, New York (March 24, 2005, 12:00 AM EST) -- A California jury has awarded memory-card maker Lexar Media more than $380 million in monetary damages in its lawsuit against Japanese computer maker Toshiba for breach of fiduciary duty and theft of trade secrets.

The California State Superior Court jury in San Jose also found that Toshiba's actions support an award of punitive damages. Deliberations on punitive damages are set to begin on Thursday, according to Lexar.

The state court agreed with Lexar's claims that Toshiba broke a 1997 agreement to use and co-develop the flash...
To view the full article, register now.