SAN FRANCISCO (Reuters) – Lexar Media Inc said on Monday Memorex has agreed to settle a patent infringement case related to CompactFlash cards sold by Memorex prior to November 2004, sending Lexar shares up 1.7 per cent.
Lexar claimed in its 2001 lawsuit that certain Memorex cards infringed a number of its flash memory patents.
In March, Toshiba Corp, one of the world’s largest chip makers, was ordered to pay Lexar $465 million in punitive damages after a California jury found it had stolen Lexar trade secrets related to a certain type of flash memory, which is used in digital cameras and [cameraphones].
Source: Reuters
