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TEPCO ex-chairman and others ordered to pay over $95 billion in compensation, shareholders request seizure of property

July 22, 2022

Following the ruling on the 13th of this month ordering TEPCO to compensate its former chairman and four others with over 13.3 trillion yen, shareholders have asked TEPCO to promptly seize the assets of the former chairman and others. TEPCO was ordered by the court to compensate the former chairman and four others with over 13.3 trillion yen.
TEPCO shareholders demanded that the former management of TEPCO compensate the company for 22 trillion yen, claiming that the company suffered massive damages due to the nuclear power plant accident, including decommissioning work and compensation for evacuees. In response, the shareholders’ lawyers filed a lawsuit against the company, claiming compensation of 22 trillion yen.

In response to this decision, lawyers for the shareholders held a press conference on March 22 and announced that they had requested TEPCO to take steps for “provisional execution” to seize the assets of the former chairman and others.

The court decision allows for provisional execution, which means that if the procedure is followed, it is possible to seize the deposits and real estate of the former chairman and others without waiting for the court decision to become final and binding in order to promptly compensate them for their losses.

Lawyer Hiroyuki Kawai said, “The fact that the court declared provisional execution on the judgment shows the court’s anger and sense of justice. If TEPCO is truly remorseful, it should not be defending the former management team, but should be executing the provisional execution,” he said.
TEPCO “will consider the matter and take appropriate action as a company”
TEPCO commented, “We will consider the contents of the written request and take appropriate action as a company.
https://www3.nhk.or.jp/news/html/20220722/k10013730811000.html?fbclid=IwAR19wE7q5OOEfZWwMGi-aulOevpWAcTBw4dbB9P2-TpsVuwdFA3nakWswqU

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July 22, 2022 Posted by | Fuk 2022 | , , , , | Leave a comment

Fukushima Daiichi Nuclear Power Plant Judges Visit Site for First Time in TEPCO Shareholders’ Derivative Suit

Oct. 29, 2021
In a lawsuit filed by shareholders of Tokyo Electric Power Company (TEPCO) demanding compensation from the former management over the accident at the Fukushima Daiichi Nuclear Power Plant, judges from the Tokyo District Court visited Fukushima Prefecture on March 29 and inspected the site of the plant. This is the first time that judges have inspected the site after the nuclear power plant accident.
On the morning of the 29th, two judges including Yoshihide Asakura, Chief Judge of the Tokyo District Court, clerks, and lawyers for the plaintiffs and defendants took a bus from JR Ono Station in Okuma Town, Fukushima Prefecture, to the site of the Fukushima Daiichi Nuclear Power Plant.

The shareholders of Tokyo Electric Power Company (TEPCO) are demanding that the company compensate five former executives for the accident at the Fukushima Daiichi Nuclear Power Plant.

According to a lawyer for the shareholders, the inspection lasted for more than five hours, and they checked the condition of the buildings of Units 1 through 6, as well as the entrances and exits of buildings with important equipment, before and after the accident.

According to TEPCO, this is the first time that a judge has inspected the premises of the Fukushima Daiichi Nuclear Power Plant after the accident.
After the inspection, Hiroyuki Kawai, a lawyer for the shareholders, said, “The judges asked TEPCO many questions and looked around the site seriously. It was a very meaningful inspection, and we are hoping for a good verdict.
https://www3.nhk.or.jp/news/html/20211029/k10013327661000.html

October 30, 2021 Posted by | Fukushima 2021 | , , | Leave a comment