PAPER COMPANY ORDERED TO PAY 590M. YEN TO EPSON

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PAPER COMPANY ORDERED TO PAY 590M. YEN TO EPSON

 user 2008-07-11 at 11:42:47 am Views: 59
  • #19925

    http://www.japancorp.net/Article.Asp?Art_ID=18979
    Oji Paper Ordered to Pay 590M Yen in Damages to Seiko Epson
    Tokyo, July , 2008  – Tokyo District Court on Tuesday ordered Oji Paper Co to pay damages worth 590 million yen to Seiko Epson Corp. <6724> over its sale of a polluted land plot.
    Seiko Epson bought 30,000 square meters of land in Shiojiri in the central Japan Prefecture of Nagano from Oji in July 2000.The precision equipment maker later found that the plot was polluted with toxic substances such as polychlorinated biphenyl and dioxin. The firm had to depollute 8,300 tons of soil.Polluted soil is recognized as a defect, presiding judge Yutaka Watanuki said, approving much of the 640-million-yen damages sought by Seiko Epson.Seiko Epson said the ruling was reasonable. Oji said it will consider its response after examining the verdict.