Lawyers to assist individual Livedoor shareholders
February 18, 2006Some lawyers are preparing to form a group to assist individual investors who have suffered huge losses due to a plunge in the stock price of Livedoor Co. since prosecutors launched a probe into an alleged securities law violation by the company, sources close to the move said Saturday. The lawyers will study what remedial measures should be taken, including an option for the investors to file a class action suit against former Livedoor President Takafumi Horie and other former executives of the company to seek compensation for the stock losses, the sources said.