Flash memory card maker SanDisk Corp. (SNDK) announced that a Santa Clara County jury has awarded SanDisk $28.5 million in damages for PNY Technologies' breach of its license agreement.
The jury found that PNY had failed to pay SanDisk amounts owed for the right to license SanDisk's valuable intellectual property.
"We see this verdict as an important affirmation of the value of SanDisk's patent portfolio, which has been consistently ranked as one of the strongest in the world," said Eric Whitaker, senior vice president and chief legal officer at SanDisk.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.