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Wednesday, October 12, 2016

Foreign investors sue Toshiba over accounting scandal

Wed Oct 12, 2016 | 8:21pm EDT The logo of Toshiba Corp is seen behind trees at its headquarters in Tokyo, Japan October 1, 2015. REUTERS/Toru Hanai/File Photo The logo of Toshiba Corp is seen behind trees at its headquarters in Tokyo, Japan October 1, 2015. REUTERS/Toru Hanai/File Photo Toshiba Corp said on Thursday a group of foreign institutional investors had filed a lawsuit against the Tokyo-based company demanding compensation over its accounting scandal. The company said 45 shareholders were seeking compensation of about 16.7 billion yen ($162.29 million) over the inappropriate accounting. (Reporting by Junko Fujita; Editing by Stephen Coates)

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