Toshiba Corp. Announces $29 Million Settlement in Lawsuit over 2015 Accounting Scandal


In 2015, it was revealed that Toshiba Corporation had been cooking its books—overstating its profits by about ¥151 billion ($1.0  billion). Ever since, Toshiba has been embroiled in litigation over the issue. On October 30, the company announced the settlement of one of the lawsuits for about $29 million. Toshiba was acquired this September by a

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