Ex-Tepco Directors Ordered to Pay $9.7 Billion in Fukushima Damages

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The Tokyo District Court this week ordered four ex-directors of the Tokyo Electric Power Co. (Tepco) to pay 13.3 trillion yen ($9.7 billion) in damages to Tepco in response to a shareholder suit over their liability in the Fukushima crisis that began March 11, 2011. The shareholders had asked for over 22 trillion yen from five ex-executives for losses from the plant's decommissioning and reparations to local residents forced to flee in the wake of the triple meltdown at the Fukushima Daiichi nuclear power plant. Presiding Judge Yoshihide Asakura said the four were derelict for not adopting countermeasures after a Cabinet agency warned in July 2002 of both a possible earthquake of up to 8.2 magnitude and tsunami of up to 15.7 meters near Fukushima.

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