Toshiba, its subsidiary must pay $84m in suit |
AP, San Jose, California, USA
Electronics maker Toshiba Corp. and a subsidiary were ordered to pay Lexar Media Inc. $84 million in punitive damages Thursday for sharing trade secrets with another rival maker of flash memory chips used in digital cameras, music players and other devices.
The decision came a day after the same Santa Clara County jury awarded Lexar $381.4 million for theft of trade secrets and violating its fiduciary duty. The total award now stands at $465.4 million--less than half the $1 billion sought by Lexar.
"This verdict sends a clear message that protects all the other companies that don't have the will or means to take on a giant like Toshiba for their fraudulent or abusive business practices," said Eric Whitaker, Lexar's general counsel. "This is a huge victory not just for Lexar, but for innovative companies everywhere."