A little guy fights back

Article Abstract:

Japanese businessman Akira Suzuki filed suit on Aug 9, 1993 in a shareholders' rights case that has major implications for how Japan will deal with future derivative lawsuits. Suzuki sued on behalf of his former employer, sewing-machine manufacturer Janome, for $1.5 billion in damages from 29 of the firm's current and former executives. A new amendment to the country's commercial laws is allowing him to file the suit at a much lower cost than would formerly have been the case. Suzuki's plucky action may deter Japanese executives from denying stockholders what is due them.

Stockholders' derivative actions, Shareholder lawsuits, Suzuki, Akira, Janome Sewing Machine Company Ltd.

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Courting trouble: consumers are stymied on product liability

Article Abstract:

Japanese business executives, lawyers, consumer groups and the government are arguing over the need for a product liability law. The issue arose when Japanese pharmaceutical firm Showa Denko paid almost $370 million in the US as compensation fees to plaintiffs who proved that the L-tryptophan made by Showa caused a disease called EMS. Victimswho claim damages for defective products in Japan can only file expensive civilnegligence where the burden of proof lies with the plaintiff.

Laws, regulations and rules, Pharmaceutical industry, Product liability, Products liability, Civil rights, Showa Denko KK

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