Western Digital says Toshiba's law suit in chip dispute to harm customers, shareholders
Toshiba Corp on Wednesday had sued Western Digital for 120 billion yen ($1 billion) regarding a dispute over the sales of its prized memory chip unit.
)
Reporters raise their hands for a question during a news conference by Toshiba Corp CEO Satoshi Tsunakawa at the company headquarters in Tokyo. Photo: Reuters
Written By: Reuters
Updated: Thu, Jun 29, 2017
10:53 AM IST
10:53 AM IST
Tokyo, Reuters
Key highlights:
- Toshiba Corp had taken legal action against Western Digital Corp on Wednesday
- Dispute over the sale of its prized memory chip unit
- Toshiba Corp sued Western Digital Corp for $1 billion
Western Digital Corp said on Thursday that legal action and other moves taken by Toshiba Corp in their dispute over the sale of its prized memory chip unit were harming Toshiba's stakeholders and customers.
Toshiba filed a lawsuit on Wednesday against Western Digital - which jointly runs Toshiba's main semiconductor plant - for 120 billion yen ($1 billion), claiming that an arbitration request and lawsuit by the California-based firm interfered with the sale of the chip unit.
It also blocked certain Western Digital employees from accessing databases related their joint ventures.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
)
)
)
)
)
Suzuki Motor, Toshiba, Denso to form lithium-ion battery joint venture in India
Apple considers bidding for big stake in Toshiba's chip business: Report
Lack of clarity on Toshiba earnings audit is a problem, says Japan's Finance Minister
