Lawsuit Brought by Former Representative Director of European Subsidiary
First written in FY2017-Q1. 3 of 6 entries say "Materialised", first in FY2017-Q1. Latest entry: FY2018.
Linical moved to the "Worse" side of this theme in 2016, 3 years before the typical company in this theme (2019).
The whole theme swung hardest in 2021: 4 of 6 companies on the "Worse" side.
3 other companies' latest entry also says "Other".
- FY2018Continued payment of litigation-related lossesAnnual report
「Litigation-related loss payments △23,461」
For the European subsidiary's lawsuit, for which the judgment had become final, a payment of ¥23.461 million in litigation-related losses was recorded in cash flows during the consolidated fiscal year under review. - FY2018-Q2Payment of litigation lossesAnnual report
「Litigation-related loss payments △15,222」
For the European subsidiary's lawsuit, for which the judgment had already become final, a payment of ¥15.222 million in litigation-related losses was recorded in cash flows during the six months ended 30 September. - FY2017MaterialisedAnnual report
「This loss resulted from the final judgment in the lawsuit brought by the former representative director against the Company's European subsidiary seeking invalidation of his dismissal.」
A loss of ¥56.457 million was recorded following the final judgment in the pending lawsuit, confirming the litigation-related risk as an accounting loss. - FY2017-Q3MaterialisedAnnual report
「The Company's European subsidiary had been sued in Germany by its former representative director on 18 November 2015, seeking invalidation of his dismissal, with a claim for payment of unpaid wages added on 6 July 2016. The judgment at first instance was handed down on 6 January 2017, accepting the plaintiff's claims. The Company and the European subsidiary accepted the judgment at first instance and decided not to appeal. Accordingly, ¥58.5 million in unpaid wages and other amounts was recorded as a provision for litigation losses at the end of the third quarter of the consolidated fiscal year under review.」
The plaintiff's claims were accepted at first instance in the pending lawsuit; no appeal was filed, and a ¥58.5 million provision for litigation losses was recorded. - FY2017-Q2RestatedAnnual report
「In Germany, the Company's European subsidiary had been sued by its former representative director on 18 November 2015, seeking invalidation of his dismissal, with a claim for payment of unpaid wages added on 6 July 2016. No specific court proceedings have begun, and it remains difficult at present to reasonably predict the impact of this lawsuit on the Group's future performance.」
The situation remains unchanged regarding the lawsuit brought by the former representative director against the German European subsidiary: court proceedings have not begun, and the impact remains difficult to reasonably predict. - FY2017-Q1MaterialisedAnnual report
「In Germany, the Company's European subsidiary was sued by its former representative director on 18 November 2015, seeking invalidation of his dismissal (with a claim for payment of wages added on 6 July 2016).」
The former representative director brought a lawsuit against the German European subsidiary seeking invalidation of his dismissal and payment of wages. Specific court proceedings have not begun, and the impact on performance is considered difficult to reasonably predict.