Ex-Sumitomo execs to pay 430 mil. yen in damages

OSAKA, Japan - The Osaka District Court on March 15 holds a conciliation session for five former executives of Sumitomo Corp. and a corporate shareholder over huge losses from Sumitomo's unauthorized copper deals. The former Sumitomo executives agreed with Yubo Sangyo K.K., an Osaka-based textile firm, to pay 430 million yen in damages to the company for their failure to detect unauthorized deals by an employee.

Sample
PDF Preview

Product Code
ILEA000007756

Registered date
2001/3/15 00:00:00

Credit
Kyodo / Kyodo News Images

Media source

Media size
1729 × 1224 pixel

Resolution
72 dpi

Deployment size
164.30(KB)*

Special instruction

*File size when opened in Photoshop, etc.

Similar Images & Videos

Ex-Livedoor execs ordered to pay 7.6 bil. yen in compensation

TOKYO, Japan - Plaintiffs speak at a press conference after the Tokyo District Court on May 21 ordered Livedoor Co., now LDH Corp., Takafumi Horie, the founder and former president of Livedoor, and other former Livedoor executives to pay about 7.63 billion yen in compensation for stock losses they caused the company through securities law violations. (Kyodo)

Ex-Sumitomo execs to pay 430 mil. yen in damages

OSAKA, Japan - The Osaka District Court on March 15 holds a conciliation session for five former executives of Sumitomo Corp. and a corporate shareholder over huge losses from Sumitomo's unauthorized copper deals. The former Sumitomo executives agreed with Yubo Sangyo K.K., an Osaka-based textile firm, to pay 430 million yen in damages to the company for their failure to detect unauthorized deals by an employee.

Former Sogo vice president found hanged at home

KOBE, Japan - A van (C) carrying the body of Yukio Nakazawa, former vice president of ailing department store operator Sogo Co., leaves his home in Nishinomiya, Hyogo Prefecture, on Oct. 10, where he was found hanged earlier in the day. Nakazawa, 74, was one of the firm's former executives targeted in damages suits filed by Sogo, which is seeking 11.25 billion yen in compensation for alleged dubious deals with affiliated companies and an aborted plan to set up an outlet in Turkey.