Firm’s president at time of disaster among five defendants found liable for £80bn in damage by Tokyo court
The plaintiffs had sought a record ¥22tn in damages. The executives found liable are unlikely to have the capacity to pay the full amount, according to media reports, but will be expected to pay as much as their assets allow.
Tepco did not comment on the ruling, saying it would not respond to individual lawsuits, according to Kyodo. The court said the company’s countermeasures against tsunami “fundamentally lacked safety awareness and a sense of responsibility”.Tepco has argued it was powerless to take precautions against a tsunami of the size that struck in March 2011, and that it had done everything possible to protect the plant.
plant could be hit by tsunami waves of up to 15.7 metres in height after a major offshore earthquake. The court said the government’s assessment had been reliable enough to oblige Tepco to take preventive measures.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Afterpay founders smash CEO pay records as bonuses for ASX bosses hit new highAfterpay founders smash CEO pay records as bonuses for ASX bosses hit new high | SimoneFoxKoob
Read more »
Why Elon Musk could still be forced to pay billions for a company he doesn't even wantThe Tesla chief wants to terminate his $60 billion deal to buy Twitter, but a court could still order him to pay billions of dollars.
Read more »
Afterpay founders smash CEO pay records as bonuses for ASX bosses hit new highThe co-founders of afterpay_au took home $264.2 million last year, as fresh research showed bonuses for top ASX bosses hit a new high in 2021. | SimoneFoxKoob
Read more »
Bernie Ecclestone charged with fraud over £400m assetsFormer Formula One boss to appear in court in August after HMRC investigation, says CPS
Read more »
At least 150 dead amid widespread monsoon flooding in PakistanHeavy rains have inundated large parts of the country, with paramilitary troops and the Navy summoned to help with efforts to drain the waters from flooded streets and evacuate people.
Read more »
Australia’s farcical climate policy: market forces to cut emissions and subsidies to destroy carbon sinks | Richard DennissOur federal government pays some people to protect native forests, while state governments pay others to cut them down
Read more »