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Shareholders won damages Thursday from Takafumi Horie, founder of Internet startup Livedoor Co., in a class-action lawsuit that claimed people had been duped into making dubious investments in the Japanese company.
Terrie's Take: TT359 -- What happens next to LivedoorTerrie Lloyd from terrie.com gives a good insight and wrap up on what led up to the Livedoor implosion and the circumstances in which it was allowed to get that far.
Unless you've been living under a rock the past few days, I'm sure you've heard about what's going on over at Livedoor, a Japanese web portal that is being investigated for misleading investors.
Livedoor chief arrested in JapanThe head of scandal-hit Japanese internet firm Livedoor has been arrested amid allegations that he broke stock market rules.
Ouch: Nikkei drops over 4% after TSE says may halt tradingThe Nikkei share average fell over 4 percent on Wednesday after the Tokyo bourse said it would suspend trading of all shares listed on the world's second-largest stock market if the number of trades exceeds its system's capacity.
Seeking Alpha » What's Going on in Japan? Is Horiemon's Livedoor to Blame for the Nikkei's 3-Day Tumble? (EWJ, ITF, VPL, JOF, JEQ, INTC, YHOO)The Japan Stock Blog » Livedoor's Shares Tank 14+% as Horiemon and Livedoor Co Suffer in Stock Scheme Investigation — Open the Flood Gates (EWJ, ITF, VPL)The cause of the turmoil in Japan's stock exchange.
Selloff shuts Tokyo exchange earlyInvestors spooked by a raid on an Internet company and weaker U.S. tech earnings dumped Japanese shares Wednesday, sending the Nikkei plunging and prompting the Tokyo Stock Exchange to suspend trading on the world's second-largest market.
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