Toshiba disclosed Tuesday a lawsuit from 70 plaintiffs, including foreign banks and institutional investors, that seek about 43.9 billion yen ($399 million) for losses they blame on the dodgy accounting that came to light in 2015.
The complaint was filed with the Tokyo District Court on April 3 and served Monday, the company said. The Japanese group has now been hit with 26 suits from institutional and individual investors relating to the scandal, demanding a total of around 108.4 billion yen in compensatory damages. This creates a potential stumbling block to efforts to repair the damage from losses in its U.S. nuclear power business.
Source: ANNnewsCH
