Breaking News

PlayStation Plus Monthly Games for October 2025 Sony Unveils Sony FE 100mm F2.8 Macro GM OSS Creative Launches Aurvana Ace 3 GIGABYTE Announces Availability of 27” QHD 280Hz WOLED Gaming Monitor MO27Q28G with 4-Sided Borderless Design Crucial ® LPCAMM2 Powers AI-Ready Laptops With Breakthrough 8,533MT/s Speeds

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Investors Sue Toshiba Over Accounting Scandal

Investors Sue Toshiba Over Accounting Scandal

Enterprise & IT Oct 13,2016 0

A group of investors are suing Toshiba in a Tokyo court for 16.7 billion yen ($162.3 million) in damages, over a $1.3 billion accounting scandal uncovered last year. Toshiba on Thursday confirmed that it has received an action for compensatory damages in relation to the accounting issue filed with the Tokyo District Court by 45 shareholders, mainly foreign institutional investors, seeking compensatory damages in the amount of 16,650,601,996 yen, on the grounds that damage was incurred due to Toshiba's inappropriate accounting.

The company has been sued by 15 groups and individuals since it first admitted to reporting inflated profits going back to 2008.

The remaining suits are seeking a combined 15.3 billion yen in compensation.

Tags: Toshiba
Previous Post
ZTE Will Launch 4K Capable Android TV Set-Top-Box at Broadband World Forum 2016
Next Post
Pioneer DJ NXS2 System Now Compatible with TRAKTOR - CDJ-2000NXS2 and DJM-900NXS2 Now Support TRAKTOR PRO 2 and TRAKTOR SCRATCH PRO 2

Related Posts

  • Toshiba Canvio Flex 2TB

  • Toshiba expands storage evaluation services in EMEA with new HDD Innovation Lab

  • Toshiba Unveils New Canvio Flex and Canvio Gaming 2.5” Portable Hard Drives

  • Toshiba Collaborates with PROMISE Technology on Providing the Optimal Data Storage Technology for CERN’s Large Hadron Collider

  • Toshiba Announces 24TB CMR and 28TB SMR Enterprise Hard Disk Drives

  • Toshiba Canvio Flex 4TB

  • Toshiba Canvio Basics 1TB

  • Toshiba’s next-generation S300 Pro Surveillance HDDs for large-scale video surveillance systems

Latest News

PlayStation Plus Monthly Games for October 2025
Gaming

PlayStation Plus Monthly Games for October 2025

Sony Unveils Sony FE 100mm F2.8 Macro GM OSS
Cameras

Sony Unveils Sony FE 100mm F2.8 Macro GM OSS

Creative Launches Aurvana Ace 3
Consumer Electronics

Creative Launches Aurvana Ace 3

GIGABYTE Announces Availability of 27” QHD 280Hz WOLED Gaming Monitor MO27Q28G with 4-Sided Borderless Design
Gaming

GIGABYTE Announces Availability of 27” QHD 280Hz WOLED Gaming Monitor MO27Q28G with 4-Sided Borderless Design

Crucial ® LPCAMM2 Powers AI-Ready Laptops With Breakthrough 8,533MT/s Speeds
Enterprise & IT

Crucial ® LPCAMM2 Powers AI-Ready Laptops With Breakthrough 8,533MT/s Speeds

Popular Reviews

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

Terramaster F8-SSD

Terramaster F8-SSD

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

be quiet! Light Base 600 LX

be quiet! Light Base 600 LX

be quiet! Pure Base 501

be quiet! Pure Base 501

Soundpeats Pop Clip

Soundpeats Pop Clip

Akaso 360 Action camera

Akaso 360 Action camera

Dragon Touch Digital Calendar

Dragon Touch Digital Calendar

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed