Shareholders seek 350 mil. yen damages from Seibu, Kokudo

Shareholders seek 350 mil. yen damages from Seibu, Kokudo

TOKYO, Japan - Plaintiffs suing scandal-tainted Seibu Railway Co, its parent Kokudo Corp., and former top executives enter the Tokyo District Court building Feb. 1. A total of 211 individuals and two companies holding shares in Seibu Railway jointly sought more than 350 million yen in damages. The plaintiffs had purchased Seibu Railway shares before the company revealed its long-time practice of falsifying its financial statements. (Kyodo)

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