Nidec to file damage suit against former executives

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TOKYO, Oct 27 : 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.

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