Foreign investors sue Toshiba over accounting scandal

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The logo of Toshiba Corp is seen behind trees at its headquarters in Tokyo, Japan October 1, 2015. REUTERS/Toru Hanai/File Photo (Copyright Reuters 2016)

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.

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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)