Tuesday, March 6, 2012

$67 Billion Lawsuit Against Japan's TEPCO Execs

Shareholders of Tokyo Electric Power Co Inc (TEPCO), operator of the crippled Fukushima nuclear plant in northeast Japan, are suing the utility's executives for a record 5.5 trillion yen ($67.4 billion) in compensation, lawyers said. The Fukushima Daiichi plant was wrecked by a quake and tsunami last March, triggering the world's worst nuclear crisis in a quarter of a century and swamping the firm with huge clean-up, compensation and decommissioning costs.
[read full article on Reuters] [watch BBC's documentary Japan's Children of the Tsunami on YouTube]