Lawsuits Pursued by Japanese Asset Owners Mount Against Toshiba

Posted on 01/30/2017


Already, Japan’s Government Pension Investment Fund (GPIF) had indirectly sued Toshiba Corporation, through Japan Trustee Services Bank, Ltd., seeking some ¥13 billion in damages. Electronics giant Toshiba is ensnared in a massive accounting scandal which greatly affected the company’s share price. Toshiba is seeking capital to offset a multi-billion writedown in its nuclear business. This […]