Oasis petitions Kobayashi Pharma to sue executives for $67m

Activist investor wants payment of damages tied to red yeast supplement scandal

20241203N Kobayashi red yeast

Kobayashi Pharma booked extraordinary losses of over 10 billion yen relating to the red yeast supplement scandal between January and September. (Photo by Ryutaro Yokoyama)

KENTA ANDO, Nikkei staff writer

OSAKA -- Activist investor Oasis Management has called on Kobayashi Pharmaceutical to file a lawsuit against seven people, including current and former executives of the Japanese drugmaker, Nikkei has learned.

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