Ex-Daiwa Bank execs agree to pay 250 mil. yen in settlement

Ex-Daiwa Bank execs agree to pay 250 mil. yen in settlement

OSAKA, Japan - Ichiro Nishimura, a plaintiff representing shareholders in a lawsuit involving Daiwa Bank, speaks at a news conference in Osaka on Dec. 11. Forty-nine former executives of Daiwa Bank have agreed to pay the bank 250 million yen to settle the suit out of court. An earlier court ruling ordered 11 of them to pay the bank $775 million in compensation for losses related to unauthorized bond deals at its New York branch.

  • Product Code
  • ILEA001087291
  • Registered date
  • 2001/12/11 00:00:00
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  • Kyodo / Kyodo News Images
  • Media source
  • 2001 Kyodo News
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  • 1864 × 1651 pixel
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    Ex-Daiwa Bank execs agree to pay 250 mil. yen in settlement

    Ex-Daiwa Bank execs agree to pay 250 mil. yen in settlement

    OSAKA, Japan - Ichiro Nishimura, a plaintiff representing shareholders in a lawsuit involving Daiwa Bank, speaks at a news conference in Osaka on Dec. 11. Forty-nine former executives of Daiwa Bank have agreed to pay the bank 250 million yen to settle the suit out of court. An earlier court ruling ordered 11 of them to pay the bank $775 million in compensation for losses related to unauthorized bond deals at its New York branch.