Japanese electric motor maker Nidec plans to file a 27.6 billion yen lawsuit against its founder Shigenobu Nagamori and eight former senior executives over financial irregularities, Nikkei Asia writes. Amid the accounting scandal, the company posted a record net loss of 564.6 billion yen for the fiscal year and now plans to reduce the number of subsidiaries from 353 to 160-180 to avoid delisting from the Tokyo Stock Exchange.