Western Digital Corp. today announced that several of its SanDisk subsidiaries have sought preliminary injunctive relief in the Superior Court of California for the County of San Francisco ("the Court") preventing Toshiba Corporation ("Toshiba") from transferring its three NAND flash-memory joint ventures ("the JVs") operated with Western Digital until the request of the SanDisk subsidiaries for injunctive relief in arbitration is decided by the arbitral tribunal.
Steve Milligan, chief executive officer of Western Digital, stated, "Western Digital has been working tirelessly to reach an agreement that is beneficial to all stakeholders. Toshiba Corporation's attempts to circumvent our contractual rights have left us with no choice but to take this action. It is our concern that, left unchecked, Toshiba would pursue a course that clearly violates these rights and also runs decidedly counter to the best interests of the JVs and also to the hard working people at Toshiba Corporation's NAND Flash business in Japan. Western Digital's desire to work collaboratively with Toshiba for the benefit of the JVs and Japan is stronger than ever, and we will continue to pursue a solution that is in the best interests of all parties."
