Toshiba shareholders sue ex-management over falsified accounting

Masashi Muromachi, president of Toshiba Corp., bows in apology at a press conference in Tokyo on Dec. 7, 2015, after Japan's securities watchdog recommended to the Financial Services Agency that it impose a record 7.37 billion yen ($60 million) fine on Toshiba for falsifying financial reports. Muromachi said Toshiba intends to pay the amount after receiving an order from the FSA. (Kyodo) ==Kyodo

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