Nidec is suing its founder over his role in Japan's biggest accounting fraud in a decade. Governance and liability risk stay front and center, so the stock likely trades on headline risk until the leg

What happened: Nidec will sue its founder Shigenobu Nagamori over his role in accounting issues that inflated profits, following a report that he should bear liability. Key numbers: Profits were inflated by $1bn over multiple years. Why it matters: The case is described as Japan's biggest accounting fraud in a decade, and the report found the founder should bear liability for the issues.

Nidec sues founder over Japan's biggest accounting fraud in a decade.

Nidec sues founder over Japan's biggest accounting fraud in a decade. — impact context not separately stored; see What changed.