A Minnesota district court has vacated a $630.4M arbitration award granted to Seagate (STX...
Tuesday, October 16, 2012, 10:02 AM ETA Minnesota district court has vacated a $630.4M arbitration award granted to Seagate (STX +1.4%) in a dispute with Western Digital (WDC +1.7%) over the alleged theft of trade secrets by a former Seagate employee. The dispute will now be heard once more by an arbitrator. Seagate says it's "disappointed" with the ruling, and will "take all necessary legal action" to reinstate the award. (STX 8-K) (WDC 8-K).
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