Ashikaga Bank, Misuzu Audit to settle damages suit

Ashikaga Bank, Misuzu Audit to settle damages suit

UTSUNOMIYA, Japan - Ashikaga Bank President Norito Ikeda speaks at a news conference in Utsunomiya, Tochigi Prefecture on July 2, announcing that the bank has reached a basic agreement with Misuzu Audit Corp. to settle their court battle in which the regional lender had sought 1.1 billion yen in damages from the audit firm in connection with the bank's 2003 nationalization. (Kyodo)

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