IR News
Notice of Trial in US
Today, on March 23 US Pacific standard time, the following verdict was handed down at the Court of First Instance of the State Court in California (Santa Clara County).
1. Verdict
Toshiba Corporation and Toshiba America Electronic Components, Inc. Toshiba's subsidiary in the US must pay $381 million to US-based Lexar Media, Inc.
2. Outline of the trial
Lexar Media, Inc. brought suit against Toshiba seeking compensation primary for unauthorized use of its flash memory technology.
3. Schedule
The proceedings in the court continue, and Toshiba will continue to present its case.
This Web site contains projections of business results, statements regarding business plans and other forward-looking statements. This information is based on certain assumptions, such as the economic environment, business policies and other factors, as of the date when each document was posted. Actual results may differ significantly from the estimates listed here.