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Toshiba faces fresh lawsuit over a $1.3 billion accounting scandal

Toshiba faces fresh lawsuit over a $1.3 billion accounting scandal

PanARMENIAN.Net - Toshiba Corp on Tuesday, June 13 said it was being sued by another group of foreign investors for 43.9 billion yen ($399 million) in damages over a $1.3 billion accounting scandal uncovered two years ago, Reuters reports.

Toshiba said in a statement that it plans to book an additional provision for the year ended March for the lawsuit.

The laptops-to-nuclear conglomerate has now been sued by 26 groups and individuals since it first admitted to reporting inflated profits going back to 2008, with total damages of 108.4 billion yen being sought.

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