Nidec to file damage suit against former executives - Nikkei Asia
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TOKYO (Kyodo) -- Nidec said Tuesday it plans to file a damages suit against founder Shigenobu Nagamori and eight others suspected of engaging in improper accounting practices.
TOKYO (Kyodo) -- Nidec said Tuesday it plans to file a damages suit against founder Shigenobu Nagamori and eight others suspected of engaging in improper accounting practices.
The Kyoto-based electric motor maker said it will determine how much to seek in damages after correcting past financial statements.
The decision to file a suit was based on a report by an executive liability investigation committee established last year in response to the discovery of accounting irregularities.
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