LONDON Kuniaki Nozoe, the former president of computer and IT services company Fujitsu Ltd. (Tokyo, Japan), is planning legal action against the firm over his removal from office, according to reports from Reuters, the BBC, Bloomberg and others.
When Nozoe left Fujitsu in September in 2009 his departure was put down to ill health. But in March 2010 he asked that his resignation be rescinded. Fujitsu then said it had asked Nozoe to resign in September 2009 because of alleged ties to a third-party company that was reputed to have "unfavorable" connections, according to the reports.
Now Nozoe is claiming he was forced to resign over unfounded allegations. He is seeking personal damages of several hundred million yen and suing separately for losses to shareholders, the reports said, citing Nozoe's lawyer as their source. Nozoe has requested that the company sue certain of its executives over losses suffered by the company because of the way his departure was handled, the reports added. Nozoe claims the company incurred damages of about 5 billion yen (about $50 million) the reports state.
Fujitsu has 60 days to respond to the request, according to the reports.