Thursday, September 28, 2017

WD Provides Further Detail on the Legal Process Related to Toshiba

Western Digital Corp. today provided further detail on the legal process related to the three NAND flash-memory joint ventures ("the Flash JVs") operated with Toshiba Corporation ("Toshiba"). John Hueston, counsel for Western Digital and partner of Hueston Hennigan LLP, stated, "Western Digital's SanDisk subsidiary has been a good partner to Toshiba, has honored its commitments and obligations to the joint ventures, and has been steadfast in its efforts to reach a mutually agreeable resolution. Toshiba has resorted to retaliatory actions against its JV partner to try to coerce SanDisk to surrender its consent rights, including its lockout of Western Digital employees in June and its attempt to exclude SanDisk from certain capacity investments – neither of which has any legal basis. Absent any willingness on Toshiba's part to resolve this matter with its JV partner in a constructive manner, we intend to continue our successful legal efforts into the binding arbitration process."