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Toyo Tire & Rubber won’t sue board members for sale of substandard shock absorbers

( July 14, 2016, 08:05 GMT | Official Statement) -- MLex Summary: Toyo Tire & Rubber decided not to sue current or former board members in connection with the company’s sale of substandard devices designed to absorb shocks on buildings during earthquakes. The company’s audit committee had been discussing the issue after a shareholder asked the company to sue these individuals for compensation. The company made the announcement in a statement today.The statement, in Japanese, is attached.  ...

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