Nidec Decides to Sue Founder and Eight Former Executives
Nidec said it decided to seek damages from founder Shigenobu Nagamori and eight other former executives over suspected accounting irregularities. The issues have put the company’s stock market listing at risk.
Japanese electric motor maker Nidec TSE:6594 said on Tuesday it had decided to sue founder Shigenobu Nagamori and eight other former executives for damages over suspected accounting irregularities that have put its stock market listing at risk.Besides Nagamori, the company plans to sue former chair…