Former Universal Entertainment Corp chairman Kazuo Okada’s final appeal has been dismissed by the Supreme Court.<\/p>\n\n\n\n\n\n\n\n
Japan.-\u00a0Kazuo Okada<\/strong>, the founder of Universal Entertainment Corporation (UEC), has seen his appeal against a ruling that obliges him to\u00a0pay damages to the company for fraud\u00a0<\/strong>has been dismissed by the Supreme Court in Japan.<\/p>\n\n\n\n Okada had already appealed once against the judgment rendered by the Tokyo District Court on February 13, 2020<\/strong>, which accepted all claims made by Universal Entertainment as the plaintiff.\u00a0<\/p>\n\n\n\n At that time, Universal Entertainment stated that\u00a0Okada was required to pay JPY21.3m ($200,000) in damages<\/strong>. The award was to cover the cost of a special investigation initiated by the group before he was expelled after it was determined\u00a0he had committed “three frauds” against the company’s account<\/strong>.<\/p>\n\n\n\n In September, the\u00a0Tokyo High Court<\/a>\u00a0dismissed Okada’s initial appeal on the grounds that his claims were objectively contrary to the facts. Okada\u2019s\u00a0attempt to return to the company board<\/a>\u00a0from which he was expelled in 2017 was also rejected.<\/p>\n","protected":false},"excerpt":{"rendered":" Former Universal Entertainment Corp chairman Kazuo Okada’s final appeal has been dismissed by the Supreme Court.<\/p>\n","protected":false},"author":176,"featured_media":8570,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Japan's Supreme Court has dismissed former Universal Entertainment Corp chairman Kazuo Okada's final appeal, upholding a previous ruling that obliges him to pay JPY21.3m ($200,000) in damages to the company for fraud. This decision reinforces the Tokyo District Court's 2020 judgment and the Tokyo High Court's subsequent dismissal of Okada's initial appeal, solidifying his expulsion from the board in 2017.","focusai_entities":"Kazuo Okada, Universal Entertainment Corporation, Supreme Court, Tokyo District Court, Tokyo High Court","focusai_location":"Japan, Tokyo","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.9), investor_analyst (0.9), supplier_vendor (0.8), journalist_researcher (0.8)","focusai_suggestions":[{"label":"UEC Governance Impact","query":"What are the long-term implications of this Supreme Court ruling on Universal Entertainment Corporation's corporate governance structure and future executive appointments?"},{"label":"Precedent for Executive Fraud","query":"How does this ruling establish a precedent for accountability regarding executive fraud and financial misconduct within the Japanese iGaming and entertainment sectors?"}],"footnotes":""},"categories":[16338,439],"tags":[23749],"class_list":["post-22789","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-legal-news","tag-universal-entertainment-corporation"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/22789","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=22789"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/22789\/revisions"}],"predecessor-version":[{"id":22809,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/22789\/revisions\/22809"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/8570"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=22789"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=22789"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=22789"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}