TOKYO: Toshiba Corp has been ordered by a California jury to pay US$84mil in punitive damages to Lexar Media Inc for stealing trade secrets, taking the latter's total award in the case to US$465mil.
The award was a fraction of the US$1bil or more sought by Lexar, which called the award the biggest intellectual property victory ever in California courts. The total damages also dwarfed Lexar’s market value of US$251mil as of Wednesday’s market close.
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