New York County Supreme Court: in the aftermath of the Fukushima Explosion, two class actions seek damages based on product liability against GE
Two Summons with Notice have been filed in The New York County Supreme Court alleging that GE's failure to properly design and maintain the Fukushima plant hurt more than 100,000 people. Lead plaintiff Mitsuru Okura demands at least $3 million per plaintiff and the second plaintiffs Sasaki Body Ltd. and Mihana Ltd are seeking $5 million in damages per class member. If successful these class actions could wipe out GE whose market capitalization is estimated at $260 billion.
Okura claims that GE's negligence caused the explosion and the meltdown at the plant and that the radiation released from this accident caused class members "personal injury, mental anguish, emotional distress, property damage, business interruption, loss of business, loss of income, economic injuries, and ongoing long-term physical, mental and emotional health problems,"
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