January 25, 2022
Toshiba Corp. investors who had securities claims revived by the Ninth Circuit in 2018 are now asking the appellate court to step in again after losing their bid for class certification earlier this month.
January 07, 2022
A proposed class of Toshiba investors suing the company over an alleged $2.6 billion accounting fraud was denied certification Friday by a California federal judge who said the pension fund plaintiffs bringing the suit failed to satisfy the so-called typicality requirement for class certification because their shares weren't purchased on a U.S. exchange.
January 29, 2020
Toshiba Corp. can't dodge shareholders' proposed securities class action alleging the company cooked its books over six years to the tune of $2.6 billion, a California federal judge ruled Tuesday.
May 23, 2016
A California federal judge Friday tossed a proposed class action against Toshiba Corp. over accounting fraud leading to a drop in the price of American depositary shares, saying the U.S. Supreme Court's Morrison decision puts the claims out of reach of U.S. securities laws.
May 16, 2016
Investors alleging they were deceived by Toshiba Corp.'s inflated earnings reports told a California federal judge Monday that their putative class action over Japanese stock bought in the U.S. survives the Supreme Court's Morrison decision, which held the Securities Exchange Act doesn't apply to foreign investments.