Suruga Bank Ltd.
Notice Regarding Remand Trial Judgment on the Damages Claim Lawsuit Concerning the Founding Family Enterprise Issue Filed by the Company
In the remand trial judgment on the damages claim lawsuit against four former directors, a joint and several liability amount of 4,762,008,000 yen was recognized, fully acknowledging the Company’s claims.
Key Figures
- Recognized Damages Claim Amount (Joint and Several Liability Total): 4,762,008,000 yen
- Recognized Amount for Former Director Yoshinosuke Okano (and heirs): 3,600,000,000 yen
- Appeal Judgment Date: 2025-03-27
AI要約
Litigation Background and Judgment Details
The Company filed a damages claim lawsuit totaling 2,644,016,392 yen against four former directors relating to the founding family enterprise issue on December 27, 2018. On April 25, 2024, the Shizuoka District Court dismissed the claim; however, the Company appealed on May 8, 2024. On March 27, 2025, the Tokyo High Court overturned the original judgment and remanded the case. On March 13, 2026, the Shizuoka District Court pronounced the remand trial judgment. The judgment recognized breaches of duty by the four former directors and approved the damages claim amounting to a joint and several liability total of 4,762,008,000 yen.
Future Measures and Other Litigation Status
This judgment fully affirms the legitimacy of the Company’s claims and clarifies the legal responsibilities of the former directors. The Company will consider appropriate responses taking into account the defendants’ actions. Furthermore, a separate damages claim lawsuit concerning loans related to share houses is currently pending with the Tokyo High Court following an appeal, and disclosures will be made promptly as necessary.
