\nMr. Okada breached both his duty of a good manager and his fiduciary duty of loyalty as a Director of the Company,” the securities filing asserted.<\/p>\n<\/blockquote>\n
Okada could continue his legal saga by appealing to the Japan Supreme Court, the apex of the country’s judicial hierarchy.<\/p>\n
“The court can void any decision in which it finds there has been an incorrect interpretation or application of the law,” explains Britannica<\/i>. The court may also overturn a ruling if it finds error in the facts of the case, or if it considers the punishment unjust. It may remand a case back to a lower court if it finds justification for the reopening of proceedings.”<\/p>\n
But as is the case in the United States, Japan’s highest court accepts only a small percentage of cases it receives for review each year.<\/p>\n","protected":false},"excerpt":{"rendered":"
Billionaire Kazuo Okada’s appeal of a ruling by the Tokyo District Court in February has been rejected in a higher court. The Tokyo District Court ordered Okada to pay damages of JPY21.3 million ($200,000) in relation to three cases of alleged fraud he committed while heading his former company, Universal Entertainment Corporation. Attorneys for Okada […]<\/p>\n","protected":false},"author":25,"featured_media":149562,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,60],"tags":[],"acf":[],"yoast_head":"\n
Kazuo Okada Appeal Dismissed by Tokyo High Court<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n