Toshiba sues former executives over scandal, swings to operating loss

TOKYO: Japan's Toshiba Corp said on Saturday it has sued five former executives, including three former chief executives, over mismanagement, in an apparent attempt by the current leadership to distance itself from a $1.3 billion accounting scandal.

The laptops-to-nuclear power conglomerate also said it swung to an operating loss of 79.5 billion yen ($645.66 million) in the three months through September, from a 90.2 billion yen profit a year earlier.