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Shareholders sue Tepco execs for Fukushima nuclear disaster

Plaintiffs allege negligence, demand a record $67.4 billion in compensation

Shareholders of Tokyo Electric Power Company (Tepco), the operator of Japan’s Fukushima power plant, are suing company executives for $67.4 billion for their response to last year’s nuclear disaster.

Forty-two shareholders filed the suit, which is the largest of its kind in Japanese history. The plaintiffs allege that company executives failed to prepare for a potential accident at the plant, even after receiving multiple tsunami warnings. The plant suffered a nuclear meltdown after being rocked by an earthquake and tsunami nearly a year ago. The resulting radiation forced thousands of people to evacuate the area. Some experts have called the meltdown the second-worst nuclear disaster in history after the Chernobyl catastrophe in 1986.

Alanna Byrne

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