Nikko Execs To Be Named In Suit

Law360, New York (February 9, 2007, 12:00 AM EST) -- The former executives at Japanese brokerage Nikko Cordial Corp. implicated in an accounting fraud scandal at the firm will soon find themselves in court.

The head of the firm’s in-house investigation committee said that Nikko plans to file a lawsuit against the former executives that demands compensation for financial losses caused by the alleged scheme, Dow Jones has reported.

The suit will most likely name former senior group executive Hajime Yamamoto and former president of subsidiary Nikko Principal Investments Japan Ltd. Hirofumi Hirano, according to sources....
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.