Toshiba Sues Three Former Presidents Over Accounting Scandal

Updated on
  • Company seeking 300 million yen damages from former executives
  • Second-quarter earnings rise 38 percent after selling holdings

Atsutoshi Nishida, chairman of Toshiba Corp., from left, Hisao Tanaka, corporate senior executive vice president, and Norio Sasaki, president and chief executive officer, shake hands at a news conference in Tokyo.

Photographer: Junko Kimura/Bloomberg

Toshiba Corp. sued three former presidents as the maker of personal computers and power plants tries to recover from accounting irregularities that have led to profit writedowns of more than $1.2 billion over almost seven years. Shares fell.

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