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South Korean executives jailed for humidifier cleaner deaths
Court Watch |
2017/01/01 11:02
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A South Korean court sentenced the former head of Oxy Reckitt Benckiser to seven years in prison Friday after the company's disinfectant for humidifiers killed scores of people and left hundreds with permanent lung damage.
The Seoul Central District Court ruled that Shin Hyun-woo, Oxy chief from 1991-2005, was guilty of accidental homicide and falsely advertising the deadly product as being safe even for children. Seven years is the maximum prison term the court could issue.
Choi Chang-young, chief judge of the case, said the disaster could have been prevented if Shin and others in the company, a subsidiary of British consumer goods company Reckitt Benckiser Group Plc, had tried to ensure the chemicals' safety.
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Investment Fraud Litigation |
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Securities fraud, also known as stock fraud and investment fraud, is a practice that induces investors to make purchase or sale decisions on the basis of false information, frequently resulting in losses, in violation of the securities laws. Securities Arbitration. Generally speaking, securities fraud consists of deceptive practices in the stock and commodity markets, and occurs when investors are enticed to part with their money based on untrue statements.
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