Court Decision: Toshiba and Court

court decision: Toshiba appealed the superior court decision. ; Reeling from massive losses linked to its now-bankrupt U.S. nuclear subsidiary, Toshiba is aiming to quickly sell the chip unit, Toshiba Memory Corp., to raise cash and avoid a stock market delisting, according to The Japan Times. Western Digital, which has jointly invested in Toshiba's flash memory operations in Yokkaichi, Mie Prefecture, says a sale of the unit without its consent would violate the joint venture contract. The decision by the California Court of Appeal in San Francisco came after the San Francisco County Superior Court ordered Toshiba last week to stop blocking Western Digital's access to chip development data, which the Japanese firm started in June. This particular ruling allows TMC to reaffirm its commitment to protecting its intellectual property and prevent Western Digital employees from accessing confidential information stored in its databases, an action Toshiba has already implemented, Toshiba said in a statement released Wednesday. The escalating legal dispute continues to complicate the sale of the unit. The U.S. appellate court said Western Digital has until Tuesday to file its opposition. (news.financializer.com). As reported in the news.