Toshiba Wins Stay For Temporary Restraining Order Against Western Digital

(RTTNews) - Toshiba Corp. (TOSYY.PK, TOSBF.PK) announced Wednesday that that the California Court of Appeal in San Francisco has ruled that the company may resume efforts to protect its intellectual property and deny Western Digital workers access to certain data and facilities effective immediately.

The court on July 18 issued a stay on a temporary restraining order granted last week that required Toshiba to provide such access.

As Toshiba stated last week, this is a proceeding with many rounds and many rulings. This particular ruling allows Toshiba Memory Corp. 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.

In Japan, Toshiba shares settled at 261.40 Japanese yen, down 5.22 percent.