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Shareholders sue Yaohan executives

Lawyers representing 74 shareholders and convertible bond holders of failed supermarket chain operator Yaohan Japan Corp. file a 260 million yen damages suit with the Osaka District Court on Thursday Feb. 4 against Kazuo Wada, the chairman of Yaohan, and 10 other former Yaohan executives.

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Shareholders sue Yaohan executives

Lawyers representing 74 shareholders and convertible bond holders of failed supermarket chain operator Yaohan Japan Corp. file a 260 million yen damages suit with the Osaka District Court on Thursday Feb. 4 against Kazuo Wada, the chairman of Yaohan, and 10 other former Yaohan executives. ==Kyodo

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Kazuo Wada, ex-chairman of retail group Yaohan

Undated file photo shows Kazuo Wada, the former chairman of Japanese retail group Yaohan, which had outlets in 16 countries spanning Asia, North and South America, and Europe at its peak before falling into bankruptcy in 1997. Wada died on Aug. 19, 2019, of natural causes at age 90. (Kyodo) ==Kyodo