SanDiskSanDisk?Corporation?(NASDAQ:SNDK), a?global leader?in flash?storage solutions, today announced that it has filed a?civil lawsuit?against Korea?s SK Hynix, Inc., SK Hynix America and related entities in Santa Clara Superior Court. The lawsuit seeks damages, an injunction and other remedies against Hynix for?trade secret misappropriation?under California?s Uniform Trade Secret Act.

Additionally, SanDisk has submitted a?criminal complaint?with the?Tokyo Metropolitan?Police Department against a former employee.

These actions relate to the theft of trade?secrets?related to?NAND flash?technology by a former engineer of SanDisk who left the company in 2008 to work for SK Hynix. This engineer is alleged to have illegally taken SanDisk?s proprietary?technical information?and to have subsequently provided it to SK Hynix.

Tokyo Metropolitan Police today announced the arrest of the?former?employee, who worked at SanDisk?s joint venture?manufacturing facility?in Yokkaichi, Japan. SanDisk has been and continues to cooperate with?law enforcement?in their investigation.

SanDisk?s joint venture relationship with Toshiba Corporation has been in place for nearly 15 years and represents one of the most successful partnerships in the semiconductor industry. SanDisk and Toshiba together have enabled more than 10 generations of NAND flash technologies over these years.

?SanDisk strongly believes in the value of IP, and takes protecting trade secrets seriously,? said Judy Bruner,?executive?vice president, administration, and?chief financial officer?at SanDisk. ?We are working diligently with the authorities as well as our partner on these matters and are aggressively pursuing all legal remedies available to us.?

SanDisk Corporation (NASDAQ: SNDK), a Fortune 500 and S&P 500?company, is a global leader in?flash storage?solutions. For more than 25 years, SanDisk has expanded the possibilities of storage, providing trusted and innovative products that have transformed the electronics industry. Today, SanDisk?s quality, state-of-the-art solutions are at the heart of many of the world’s largest?data centers, and embedded in advanced smart phones, tablets and PCs. SanDisk?s consumer products are available at hundreds of thousands of retail stores worldwide.

Source?(BUSINESS WIRE)

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.