Breaking News

DeepCool Launches the LT360 VISION ARGB Noctua and Asetek Announce Flagship AIO Liquid Coolers Toshiba Begins Sampling of 30-34 TB SMR Nearline Hard Disk Drives ASUS ROG Strix Laptop Lineup Returns With the Latest Intel Core Ultra 9 290HX Plus Processors EnGenius Brings AI-Powered Analytics and Sophisticated Cloud Management to Existing ONVIF Cameras

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 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

  • Toshiba Canvio Flex 2TB

Latest News

DeepCool Launches the LT360 VISION ARGB
Cooling Systems

DeepCool Launches the LT360 VISION ARGB

Noctua and Asetek Announce Flagship AIO Liquid Coolers
Cooling Systems

Noctua and Asetek Announce Flagship AIO Liquid Coolers

Toshiba Begins Sampling of 30-34 TB SMR Nearline Hard Disk Drives
Enterprise & IT

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

ASUS ROG Strix Laptop Lineup Returns With the Latest Intel Core Ultra 9 290HX Plus Processors
Gaming

ASUS ROG Strix Laptop Lineup Returns With the Latest Intel Core Ultra 9 290HX Plus Processors

EnGenius Brings AI-Powered Analytics and Sophisticated Cloud Management to Existing ONVIF Cameras
Enterprise & IT

EnGenius Brings AI-Powered Analytics and Sophisticated Cloud Management to Existing ONVIF Cameras

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