Breaking News

ASUS Announces ProArt PA40SU USB4 SSD Enclosure Akasa Introduces 10 Gigabit PCIe Network Card for Desktop, Workstation and Server Upgrades KIOXIA Unveils Value-Oriented QLC-based EG7 Series SSDs for PC OEMs Viltrox Unveils New 35mm and 55mm F1.8 EVO Lenses for Sony FE and Nikon Z Mounts ASRock Adds Support for One Sub-Channel DRAM Module on Intel DDR5 Motherboards

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 Portable Hard Drive, Now in Metallic Blue

  • Toshiba Begins Sampling of 30-34 TB SMR Nearline Hard Disk Drives

  • World Backup Day 2026: A Backup Doesn’t Always Need to be in the Cloud

  • Toshiba to Showcase High-Performance AI and Petabyte-Scale Storage Solutions at Cloudfest 2026

  • Asustor AS5404T 4-Bay NAS System

  • Toshiba Storage Trends 2026

  • Toshiba launches S300 AI surveillance HDD for AI-driven video applications

  • Toshiba First in Industry to Verify 12-Disk Stacking Technology for Hard Drives

Latest News

ASUS Announces ProArt PA40SU USB4 SSD Enclosure
PC components

ASUS Announces ProArt PA40SU USB4 SSD Enclosure

Akasa Introduces 10 Gigabit PCIe Network Card for Desktop, Workstation and Server Upgrades
Enterprise & IT

Akasa Introduces 10 Gigabit PCIe Network Card for Desktop, Workstation and Server Upgrades

KIOXIA Unveils Value-Oriented QLC-based EG7 Series SSDs for PC OEMs
Enterprise & IT

KIOXIA Unveils Value-Oriented QLC-based EG7 Series SSDs for PC OEMs

Viltrox Unveils New 35mm and 55mm F1.8 EVO Lenses for Sony FE and Nikon Z Mounts
Cameras

Viltrox Unveils New 35mm and 55mm F1.8 EVO Lenses for Sony FE and Nikon Z Mounts

ASRock Adds Support for One Sub-Channel DRAM Module on Intel DDR5 Motherboards
PC components

ASRock Adds Support for One Sub-Channel DRAM Module on Intel DDR5 Motherboards

Popular Reviews

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

Akaso 360 Action camera

Akaso 360 Action camera

Dragon Touch Digital Calendar

Dragon Touch Digital Calendar

be quiet! Pure Loop 3 280mm

be quiet! Pure Loop 3 280mm

Noctua NF-A12x25 G2 fans

Noctua NF-A12x25 G2 fans

Arctic Liquid Freezer III 360 Pro Argb

Arctic Liquid Freezer III 360 Pro Argb

Soft2bet and the unseen hardware that makes instant play possible

Soft2bet and the unseen hardware that makes instant play possible

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