Sonraí Memory Limited has sued Kingston Technology (8:21-cv-01039) and Western Digital (8:21-cv-01040) over the provision of devices that contain “SanDisk/Toshiba 64L 3D NAND flash chips”, as well as solid state drives (SSDs) that include Silicon Motion SSD controllers (Kingston) or Marvell SSD controllers (Western Digital). These new suits expand a campaign that started in February of this year with Western District of Texas cases against Alphabet (Google), LG Electronics (LGE), and Samsung and that proceeded with separate additional suits filed against Apple, Dell, and Kioxia in April, also in West Texas. The new litigation, by contrast, has been filed in the Central District of California.
The Litigation Finance Journal recently reported that Swiss private bank Syz Group is looking to invest in litigation finance, in part due to the “recession-proof” features associated with that asset class. As reported by RPX throughout 2019, litigation finance firms have experienced record fundraising in recent years, with private equity firms and hedge funds—such as Magnetar Capital—seeking opportunities to invest in uncorrelated assets that can withstand, or even perform well in, the next economic downturn.
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