Seagate slugs WD in $525m arbitration victory - PC Retail

Seagate slugs WD in $525m arbitration victory

Arbitration finds WD has case to answer for alleged theft of trade secrets.
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Seagate, already the unwitting benefactor of the Thai floods on competitors, has struck another blow against rival Western Digital. Seagate secured a hefty half billion victory in arbitration relating to allegations of pilfered trade secrets.

Seagate took Western Digital to arbitration alleging the loss of trade secrets to arch rival hard drive maker when an employee defected to WD.

"We do not believe there is any basis in law or fact for the damage award of the arbitrator," said WD boss John Coyne who vowed to 'vigorously challenge' the award.

The figure doesn't include interest which is yet to be agreed. Specifics of the case aren't known but such a pay out will be an unwelcome development for the hard drive maker already struggling with flooded manufacturing facilities in Thailand.

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