Why is the ousted board suing Kazuo Okada and partners?

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The Ousted Board is Suing Kazuo Okada and Partners Due to Allegations of Coercion and Misconduct During the Seizure of Okada Manila

The ousted board of the Philippines’ largest casino, Okada Manila, has initiated legal action against Japanese tycoon Kazuo Okada and his associates. This lawsuit stems from accusations of coercion and other illicit activities during what the board has described as a "violent and illegal" takeover of the US$3.3 billion gambling resort on May 31. Okada's faction allegedly secured physical control of the property with the assistance of private security and local law enforcement.
Allegations of Coercion and Kidnapping

The legal complaint filed by the deposed board specifically names Kazuo Okada, Antonio Cojuangco, Dindo Espeleta, and their contracted private security firm as defendants. Central to the lawsuit is the accusation that Hajime Tokuda, a director for Universal Entertainment Corp, was forcibly removed from the casino premises and transported to a location near his residence. The ousted board has characterized this act as kidnapping, highlighting the severity of the alleged misconduct.
Legal Basis for the Lawsuit Amidst a Supreme Court Order

This legal challenge arises in the context of a Supreme Court 'status quo ante order' issued in April, which reinstated Okada as CEO. However, the deposed board contends that this order did not grant authority for the physical seizure of the casino or the establishment of a new board. They are actively appealing the Supreme Court's decision and seeking further clarification, asserting that the order was misinterpreted or overstepped by Okada's group.
Claims of Harm and "Grave Coercion"

Beyond the alleged kidnapping of director Tokuda, the lawsuit details accusations of harm inflicted upon other company officers. These grievances encompass charges of "grave coercion" and "unjust vexation," indicating a pattern of alleged forceful or intimidating behaviour employed during the takeover. The parent company, Universal Entertainment Corp, has also labelled the seizure of the casino as an "illegal occupation," with its shares reportedly sliding 10 per cent since the event.

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Why is the ousted board suing Kazuo Okada and partners?

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