This follows a move by the Securities and Exchange Surveillance Commission to file a fresh criminal complaint against the company, together with former CEO Takafumi Horie and four others over alleged securities law violations.
Livedoor’s shares have lost more than 90% of their value since January, and investors are seeking legal ways to claims compensation. Unlocking Livedoor’s assets will become a priority and its majority holding in Turbolinux Inc, a leading Linux OS distributor in the Asia-Pacific region, is sure to attract the interest of other companies in the sector.
