Shareholder lawsuit – Fukushima: ex-managers must pay billions

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More than eleven years after the nuclear disaster in Fukushima, four high-ranking ex-managers of the Japanese energy company Tepco have been sentenced to pay billions. A Tokyo court ordered the payment of 13 trillion yen (95 billion euros).

The operator of the Tepco power plant was sued over the consequences of the nuclear disaster by both those affected and the shareholders.

The costly dismantling of the nuclear power plant is also costly for the power company.

The Fukushima nuclear power plant, located by the sea, was hit by a tsunami almost 15 meters high shortly after a major earthquake on March 11, 2011. The power plant’s cooling system failed and meltdowns occurred in three of the six reactors.

The disaster turned surrounding towns into ghost towns. It was the worst nuclear accident since the Chernobyl disaster of 1986. The tsunami killed about 18,500 people.

Source: Krone

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