Toshiba Settles 2017 Lawsuit in Japan Related to Accounting Scandal


Toshiba Corporation announced on December 7 that it has agreed to pay ¥1.92 billion (U.S. $16.9 million) to settle a shareholder lawsuit seeking ¥13.1 billion ($115.3 million) in damages stemming from the company’s disastrous 2015 accounting scandal. The suit was one of two lawsuits filed April 20, 2017, seeking compensatory damages from Toshiba related to

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