Record 5.5 Trillion Yen Lawsuit Filed Against TEPCO

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TEPCO shareholders have filed a lawsuit at the Tokyo District Court against 27 utility executives.  The plaintiffs are jointly seeking a record 5.5 trillion yen (S$85 billion) in compensation, claiming that the accident was caused by their negligence in ignoring safety measures, including building wave barriers, Kyodo said.

A lawyer for the group says Japan’s corporate culture will not change unless individual senior executives are held accountable for problems, and that  the shareholders want to correct what they call a system of collective irresponsibility in the nuclear-power industry.

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