Toshiba has filed a lawsuit against former executives because of the scandal reporting


Moscow. November 9. Japanese Toshiba has filed a lawsuit against five former executives of the company in connection with errors in reporting, resulting in evaluation of a company’s earnings for 2008 to 2014 was reduced in total by $1.9 billion, and its market capitalization fell to $6 billion, Bloomberg reported.

The defendants are dismissed in July the company President Hisao Tanaka, Vice Chairman of the Board Norio Sasaki and senior Vice President of Atsutoshi Nishida, and two former Finance Director. The company expects to receive compensation in the amount of 300 million yen ($2.4 million).

Over the weekend Toshiba has published the report for the third quarter. Its net profit jumped 38%, to 49.6 billion yen. In many respects this result was provided by the sale of assets.

Toshiba, whose history can be traced back to 1875, works in the field of electrical engineering, electronics, energy and medical equipment.