Report: Cerberus COO faces ¥53bn Japanese lawsuit

Mark Neporent and two former directors at Tokyo-based Kokusai Kogyo, a Cerberus joint venture, are alleged to have ‘violated their fiduciary duties’. The court action being taken by Kokusai Kogyo Holdings, which co-owns the transportation and property company, has reportedly been characterised by Cerberus as a means to pressure the private equity firm into selling them its stake.

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