Toshiba Sued Indirectly by Japan’s GPIF

Posted on 06/23/2016


Japan’s Government Pension Investment Fund (GPIF) has sued Toshiba Corporation for ¥964 million (US$ 9.2 million), seeking damages regarding an accounting scandal that impacted Toshiba’s share price. Increasingly, global asset owners are asserting their shareowner rights. GPIF confirmed that the lawsuit has been filed by one of its asset managers through Japan Trustee Services Bank. […]

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