Shareholders Sue Past 20 Years Of TEPCO Management For Over $14 Billion USD
TEPCO shareholders have found a way to go after TEPCO management, something the government has failed to do.
A class action suit goes after 60 current and past TEPCO managers from the last 20 years, shareholders want the executives to return money given to them. Citing decades of ignoring safety risks including failing to address earthquake and tsunami risks at Fukushima Daiichi. Safety concerns were brought up at shareholder meetings and were ignored by management.
If the suit succeeds it would be the largest in Japan history.
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