Toshiba Served with New $83 Million Lawsuit; 28 Lawsuits in Total

Trouble continue for beleaguered Toshiba Corporation of Tokyo, Japan, with the firm reporting today that on June 16th, six institutional investors filed a lawsuit against Toshiba in the Tokyo District Court seeking damages in the amount of 9,226,668,044 yen (approximately $83 million U.S.) due to “inappropriate accounting” at Toshiba.

Toshiba notes that this isn’t the first lawsuit it’s been on the receiving end of due to accounting irregularities related to its U.S.-based Westinghouse unit. Currently, it’s been served with 28 lawsuits, including 26 complaints that it announced last month. The total combined amount of these lawsuits is 117.2 billion yen (approximately  $1 billion  U.S.).

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