TOKYO -- Japan's Toshiba, reeling in an account-falsification scandal, is set to face additional damages suits totaling billions of yen (tens of million dollars) as Mitsubishi UFJ Trust and Banking and two other trust banks plan to file separate lawsuits.
The banks, which also include Trust & Custody Services Bank and Japan Trustee Services Bank, will seek damages for losses they incurred after Toshiba share price nosedived following the scandal, according to sources close to the plans at respective banks. Each of the banks will seek about 1 billion yen($8.73 million).
