Foreign investors sue Toshiba over accounting scandal

FeaturesReuters

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)