Litigation risk from remuneration claims by SP&W, CSM and M3
First written in FY2023-Q2. 1 of 2 entries say "Materialised", first in FY2023-Q2. Latest entry: FY2023-Q3.
No other company in this theme has enough history to compare yet.
- FY2023-Q3DroppedAnnual report
「The quarterly consolidated financial statements have been prepared on a going-concern basis, and the effects of material uncertainty regarding the going-concern assumption have not been reflected in the quarterly consolidated financial statements.」
This filing no longer refers to the compensation claim litigation brought by ＳＰ＆Ｗ株式会社 and ＣＳＭ・Ｍ３合同会社, which had been disclosed previously. It does not state that the litigation was settled or withdrawn. - FY2023-Q2MaterialisedAnnual report
「The company and its subsidiary ランド・ベスト株式会社 received on 24 October 2022 a complaint stating that an action had been filed with the Tokyo District Court on 30 September 2022. The action was brought by ＳＰ＆Ｗ株式会社 and ＣＳＭ・Ｍ３合同会社 against ランド・ベスト株式会社, seeking payment of an engagement fee under an advisory services agreement, and against the company, seeking payment of fees and compensation under an arrangement services agreement. Nature of claim: Claim for fees and other amounts Amount claimed: ¥253,000,000 plus court costs and other amounts」
ＳＰ＆Ｗ株式会社 and ＣＳＭ・Ｍ３合同会社 filed an action against ランド・ベスト株式会社 and the company seeking payment of ¥253 million in fees and other amounts, plus court costs and other amounts. It was filed on 30 September 2022, and the complaint was received on 24 October as a subsequent event.