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Toshiba Claims Wins in Stipulation with Western Dig

Heading of a ruling on a preliminary injunction requested by Western Digital (WDC) against its joint-venture partner Toshiba (6502JP), which requires Toshiba to give notice to Western if it reaches an agreement to sell its NAND manufacturing business.

Toshiba immediately issued a statement pointing out important points in its favor in the matter, while Western was more circumspect than in prior remarks.

Western and Toshiba on July 14th were ordered by Judge Harold Khan of the Superior Court of California for the County of San Francisco to come back today with wording for a stipulation that would take the place of Western’s requested injunction.

Western sought the injunction in advance of an empanelment of arbitrators at the International Chamber of Commerce meant to resolve the dispute between the two.

Toshiba, in a statement...