Japan is one of the few countries with a track record of shareholder recoveries. Cases can take 3-5 years to resolve and given a cultural aversion to litigation, tend to settle rather than go to trial. Past recoveries include:
In 2012, Livedoor Co., Ltd. settled with 6 institutional investors 9.9 billion yen (around $90M), roughly 90% of claimed losses.
In 2014, Seibu Railway settled with 16 institutional investors for 2.9 billion yen (around $26M), roughly 12% of claimed losses.
In 2015, Olympus Corp. settled with 86 institutional investors for 11 billion yen (around $100M), roughly 30% of claimed losses.
Shareholder suits are pending against Japanese issuers including Toshiba Corp., Mitsubishi Motors, and Kobe Steel.
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