Nidec to file damage suit against former executives

​Japanese ‌electric motor ​maker Nidec said ‌on Tuesday it has decided to file ‌a lawsuit for damages ‌against several former executives including ⁠company founder ​Shigenobu ⁠Nagamori.

A committee report looking ⁠into Nidec's accounting irregularities ​said this month ⁠Nagamori fostered a ⁠corporate culture ​that led to losses ⁠being deferred and improperly reflected ⁠in ⁠financial results.