Hey /biz/. So my brother invested into TEPCO (Tokyo Electric & Power COmpany) a while back (although after the 2010 disaster), and I just saw news about TEPCO being sued for 67 billion or so (saw 5 billion elsewhere). They mentioned that their shareholders are suing, and I'm assuming that means their corporate shareholders and not individual investors. I'm wondering: if shareholders are suing, then why can't my brother? Anyone willing to start a class action with us, or let us join a current one (I searched and didn't find a class action pertaining to shareholders)? The whole case would revolve around TEPCO lying to investors about the true cost of reactor cleanup and liabilities made by the spread of the radiation.
Lawyers welcome and encouraged, while former TEPCO investors welcome as well.
Info on TEPCO lawsuit:
https://www.reuters.com/article/tepco-lawsuit-idUSL4E8E54M620120305
http://www.tepco.co.jp/en/corpinfo/ir/stock/stock-e.html
Investing in chink companies is never a good idea.
>>3200727
It's a nip company. He did it because he figured they had less to lose going forward.