Dec 14, 2015

Toshiba shareholders in western Japan sue former executives

Toshiba Corp. shareholders in western Japan sued the major electronics and machinery maker and five of its former executives Monday for damages totaling around ¥173 million for the plunge in the company’s share price that resulted from illicit accounting practices. The lawsuit, filed with ...

Dec 1, 2015

Tepco settles suit over suicide of Fukushima dairy farmer

Tokyo Electric Power Co. has agreed to make a payment to settle a lawsuit filed by the family of a dairy farmer who committed suicide after the 2011 Fukushima nuclear crisis, the family’s lawyers said. The settlement was reached Tuesday in the Tokyo District ...

Court upholds ban on opening Nagasaki bay dike floodgates

Nov 11, 2015

Court upholds ban on opening Nagasaki bay dike floodgates

An injunction barring the government from opening the floodgates in the Isahaya Bay dike has been upheld, further delaying a plan to examine whether the land reclamation project is hurting local fishing. The Nagasaki District Court on Tuesday rejected the central government’s objection to ...

Oct 26, 2015

Toshiba to sue former top brass over role in accounting scandal

Toshiba Corp. plans to file a damages lawsuit against several former top executives over their role in the company’s accounting scandal, according to informed sources. Former presidents Hisao Tanaka, Norio Sasaki and Atsutoshi Nishida are likely to be named in the suit, as well ...

Oct 22, 2015

TPP sets time limit on corporate suits against states

The Trans-Pacific Partnership free trade pact limits the period for foreign companies to file damages lawsuits against host states over sudden regulatory changes to 3½ years, it was learned Wednesday. The limit, included in a TPP provision on investor-state dispute settlement, is designed to ...

Shareholder demands Toshiba sue execs over accounting scandal

Sep 9, 2015

Shareholder demands Toshiba sue execs over accounting scandal

An individual shareholder of Toshiba Corp. has demanded that the company file a ¥1 billion damages suit against 28 current and former executives for ruining the firm’s credibility by turning a blind eye to widespread mis-accounting. If the Tokyo-based industrial conglomerate fails to do ...