California Court Resets Post Trial Hearing in Lexar Media, Inc. v. Toshiba Corporation
biz.yahoo.com
Thursday April 7, 3:33 pm ET
Court Date Now Set For May 16, 2005
FREMONT, Calif.--(BUSINESS WIRE)--April 7, 2005--Lexar Media, Inc. (Nasdaq:LEXR - News), a leading marketer and manufacturer of high-performance digital media and accessories, today announced that the Court has re-scheduled the April 13, 2005 post-trial hearing to May 16, 2005.
At that hearing, the Court will consider Lexar's claim for unfair competition which is based on California Business and Professions Code Section 17200 and follows recent jury verdicts finding Toshiba Corporation (JP:6502) and Toshiba America Electronic Components, Inc. (PNK:TOSBF.PK) liable for $465.4 million in damages for breach of fiduciary duty and theft of trade secrets.
Lexar will also ask the Court for an injunction of Toshiba products that have been found to incorporate Lexar's trade secrets, including Toshiba's large and small block NAND flash chips, as well as Toshiba's CompactFlash, Secure Digital and xD Picture Card products and any other products that contain the same functionality covered by Lexar's trade secrets.
Toshiba also has indicated that it will file several motions for consideration by the Court. Lexar expects that the Court will rule on all of the anticipated post-trial motions after the May 16, 2005 hearing. |
