Breaking News

PlayStation Plus Game Catalog for August 2025 Arctic announces Xtender PC case Samsung Launches World’s First 500Hz OLED Gaming Monitor and New Odyssey G7 Lineup Razer Unveils Wolverine V3 Pro 8K PC controller XPG Launches the Industry-leading RGB Gen4 SSD – SPECTRIX S65G

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

Toshiba Faces New Lawsuit Over Accounting Scandal

Toshiba Faces New Lawsuit Over Accounting Scandal

Enterprise & IT Jun 13,2017 0

Toshiba on Tuesday said it was being sued by another group of foreign investors for 43.9 billion yen ($399 million) in damages over a $1.3 billion accounting scandal uncovered two years ago.

The latest legal action against toshiba was filed with the Tokyo District Court by seventy shareholders, foreign institutional investors and individuals, on April 3, 2017, seeking compensatory damages on the grounds of damages incurred due to the company's inappropriate accounting.

Toshiba said in a statement that it plans to book an additional provision for the year ended March for the lawsuit.

As of today, Toshiba has been served with 25 complaints and the total amount sought in these actions is approximately 108.4 billion yen ($984.7056 million U.S. dollars).

Tags: Toshiba
Previous Post
GLOBALFOUNDRIES Says New 7LP Technology Offers 40 Percent Performance Boost Over 14nm FinFET
Next Post
Sony at E3 2017: new 'Spider-man' Game and More

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 Game Catalog for August 2025
Gaming

PlayStation Plus Game Catalog for August 2025

Arctic announces Xtender PC case
Cooling Systems

Arctic announces Xtender PC case

Samsung Launches World’s First 500Hz OLED Gaming Monitor and New Odyssey G7 Lineup
Gaming

Samsung Launches World’s First 500Hz OLED Gaming Monitor and New Odyssey G7 Lineup

Razer Unveils Wolverine V3 Pro 8K PC controller
Gaming

Razer Unveils Wolverine V3 Pro 8K PC controller

XPG Launches the Industry-leading RGB Gen4 SSD – SPECTRIX S65G
PC components

XPG Launches the Industry-leading RGB Gen4 SSD – SPECTRIX S65G

Popular Reviews

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

be quiet! Light Loop 360mm

be quiet! Light Loop 360mm

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

Noctua NH-D15 G2

Noctua NH-D15 G2

Soundpeats Pop Clip

Soundpeats Pop Clip

be quiet! Light Base 600 LX

be quiet! Light Base 600 LX

be quiet! Pure Base 501

be quiet! Pure Base 501

Terramaster F8-SSD

Terramaster F8-SSD

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