Leopalace21 wins defamation lawsuit against Shinchosha
Leopalace21 Corporation announced today that the Tokyo District Court ruled in its favor in a lawsuit against SHINCHOSHA Publishing Co., Ltd., regarding articles published in Shukan Shincho on October 13 and October 20, 2022. The court found that SHINCHOSHA's articles, which alleged Leopalace21 inflated occupancy rates and manipulated revenues, harmed the company’s social reputation and lacked a basis in truth.
As a result, SHINCHOSHA was ordered to pay 3,300,000 yen to Leopalace21, though other requests from the company were dismissed. Leopalace21 had originally filed the lawsuit on November 2, 2022, asserting that the articles were false.
The company stated that the judgment aligns with its position and will have no impact on its performance. Separate legal proceedings against Mr. Keiichiro Shinozaki, who allegedly led the preparation of the articles, are still pending before the Tokyo District Court.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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