Toshiba shares fall after loss, lawsuits

Toshiba Corp. shares fell 7.5 percent Monday after the company reported unexpectedly poor financial results and sued former executives in connection with an accounting scandal, raising the prospect of prolonged legal uncertainties.

The company posted an operating loss of $733 million for the six-month period ended Saturday.

Toshiba also disclosed it sued three former presidents and two other executives, seeking to recover ¥300 million in connection with the scandal.

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