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Nidec Legal Reckoning Reaches Founder, Shares Drop to Decade Low
Source: Bloomberg
Legal & LitigationManagement & GovernanceCorporate EarningsCompany Fundamentals
Nidec shares fell to their lowest level in a decade after an outside committee concluded that founder Shigenobu Nagamori and other current or former executives bear civil liability for damages tied to years of improper accounting. The article does not quantify the damages.
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