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 11:43:52 am Views: 34
  • #19865

    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.