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Mitsubishi Ufj Trust To Sue Toshiba Over 2015 Accounting Scandal


Ron Burgundy
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FILE PHOTO- A logo of Toshiba is seen on a printed circuit board in this photo illustration taken in TokyoMitsubishi UFJ Trust and Banking Corp [MTFGTB.UL] is preparing to sue Toshiba Corp for 1 billion yen ($8.7 million) in damages after its share price tanked due to a $1.3 billion accounting scandal two years ago. The trust bank is seeking compensation on behalf of its client pension funds, a spokesman said on Monday. The development is an extra headache for the conglomerate which has plunged into crisis again.




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