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Mizuho Eyes Seeking Hitachi Compensation for Storage System Crash

Cause was malfunction in disk device, coupled with failure of backup equipment.

To read this article from Nikkei Asia, click on:
Mizuho eyes seeking Hitachi compensation for system crash
The cause was a malfunction in a disk storage device made by Hitachi, coupled with the failure of backup equipment to take over as designed, Mizuho said. As a result, 263 transactions worth roughly 50 billion yen ($452 million) that should have been processed March 12 were delayed.