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Toshiba shares fall after report trust banks preparing to sue

January 30, 2017

Via: CNBC
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Shares of Toshiba tumbled as much as 5.8 percent in early trade on Monday after newspaper report that some trust banks are preparing to sue the company for damages.

The Asahi Shimbun reported that several trust banks including Mitsubishi UFJ Trust and Banking are set to sue Toshiba after its share price tanked due to a massive accounting scandal that has upended the company.

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