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General Electric sued over Fukushima via Seeking Alpha

Japanese property owners and businesses near the Fukushima nuclear plant that melted down after a 2011 tsunami have filed a $500M class-action lawsuit against General Electric (NYSE:GE), which designed all six reactors at the facility.

Original plans for the power plant called for it to be built near a bluff 115 feet above sea level, but GE – to save money – lowered the bluff to 80 feet, which “dramatically increased the flood risk,” according to court papers

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