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Mitsubishi to sue directors over cover-ups

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dArKeR Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-31-05 10:06 PM
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Mitsubishi to sue directors over cover-ups
Scandal-hit Japanese carmaker Mitsubishi Motors said yesterday that it will seek compensation totaling US$12.2 million from seven former board members for their roles in defect cover-ups.

The cover-up scandal at the fourth-largest carmaker in Japan and its truck-making affiliate unveiled last year has sent Mitsubishi's sales plunging.

"To draw a clear line between right and wrong in terms of past recall problems ... the company will sue for damages against seven former directors and executive officers, including former chairmen and presidents," the company said in a statement.

http://www.taipeitimes.com/News/worldbiz/archives/2005/03/31/2003248543
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