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30-504: The Mori Tower building is primarily used for office space, but it also includes retail stores, restaurants and other attractions. The Mori Art Museum is located on the 53rd floor and visitors can view the city from observation decks on the 52nd and 54th floors. The headquarters of Mori Building Company are located in this building. Mori Tower is a mixed-use facility that is used for retail and office space. The tower's first six floors house retail stores and restaurants. The Mori Arts Center

60-504: A fire that destroyed part of the tower's lift-motor room and forced hundreds of people to evacuate the building. According to the elevator's manufacturer, Otis Elevator Company , a frayed cable scraping surrounding lift system components produced enough sparks to ignite a fire. After the fire, it was discovered that Otis was aware of rusted and frayed cables in the tower's elevator systems since January 2005. The incident spawned nationwide inspections of Japanese elevators by both Nippon Otis and

90-455: A hasty report after a quick internal investigation, the TSE told executives to provide a more detailed report and threatened to delist Livedoor if allegations of improper activities proved valid. On January 18, 2006, Hideaki Noguchi, an executive of H.S. Securities, a firm raided by prosecutors earlier in the week in connection with Livedoor, was found dead in a Naha , Okinawa hotel room in what

120-422: A recurrence of the scandal, Japan passed a law similar to Sarbanes–Oxley , nicknamed J-SOX , on June 14, 2006. In 2007, the company spun off to create a new subsidiary that retained the name of "Livedoor" and most of its portal-related businesses and itself became a pure holding company named " Livedoor Holdings " that oversaw the legal and financial management of its subsidiaries (reportedly 44 subsidiaries as of

150-863: A reported ¥6.3 billion. After completing the sale of Livedoor and other subsidiaries and paying dividends to its shareholders, LDH Corporation entered into voluntary liquidation by the shareholders' resolution in August 2011 and completed liquidation in December 2012 after distributing residual assets to its shareholders. The headquarters of the original Livedoor company were located in the Sumitomo Fudosan Nishishinjuku Building ( 住友不動産西新宿ビル , Sumitomo Fudōsan Nishi-Shinjuku Biru ) in Nishi-Shinjuku , Shinjuku , Tokyo . Additional corporate offices were located on

180-514: A total of ¥760 million. Information obtained during the investigation led to the arrest and conviction of fund manager Yoshiaki Murakami for using inside information to profit off of a stake Livedoor purchased in Nippon Broadcasting System in 2005. Horie published an autobiography during his appeals, Complete Resistance , in which he proclaims his innocence and states that he was being targeted only due to his infamy, not

210-689: Is a stub . You can help Misplaced Pages by expanding it . Livedoor livedoor Co., Ltd. ( 株式会社ライブドア , Kabushiki-gaisha Raibudoa ) was a Japanese company that functioned as an Internet service provider and operator of a web portal and blog platform before being brought down by a scandal in 2006. The company was founded and led in its first 10 years by Takafumi Horie , known as "Horiemon" in Japan. Livedoor grew into one of Japan's premier Internet businesses, putting over 1,000 employees on its payroll at its peak. Its reliance on acquisitions and stock swap mergers to achieve growth also made it one of

240-647: Is a Japanese family-owned property management firm. As of 2015 its president and CEO is Shingo Tsuji. Its headquarters are in the Roppongi Hills Mori Tower in Roppongi , Minato , Tokyo . Mori Building has been managing office building leases since 1955. Its focus has been in Minato, Tokyo. As of 2011, it manages 107 office facilities in Japan and China with a total of 1,160,000 m (12,500,000 sq ft) of space. Taikichiro Mori ,

270-532: Is located on floors 49–54. This center includes various tourist attractions spread over the tower's top six floors. Two members-only facilities—a library and a private club—are located on floors 49 and 51, respectively. Visitors are provided with views of the city at Tokyo City View on the 52nd floor and an open-air roof deck on the 54th floor. Opening in October 2003, the Mori Art Museum

300-583: Is one of the only venues in Tokyo with a percentage of foreign visitors comparable to the Tokyo National Museum , but it attracts fewer visitors in total. Floors 7–48 serve as office space and house various corporate tenants, including: Since the opening of Tokyo Midtown 's Midtown Tower in 2007, former Mori Tower tenants such as Konami and Yahoo! Japan have relocated to the new tower. Prior to its bankruptcy, Lehman Brothers occupied

330-477: Is the centerpiece of the Mori Arts Center. Its interior was designed by Gluckman Mayner Architects , and it originally occupied the entire 53rd floor as well as a portion of the 52nd floor. The museum's galleries on the 52nd floor have since been removed, however. British-born David Elliott served as the museum's director until he resigned in late 2006, and Fumio Nanjo assumed the position. The museum

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360-552: The Land, Infrastructure and Transport Ministry . The ministry inspection of approximately 260,000 elevators turned up problems in 813 elevators. In January 2006, one of the building's tenants, livedoor , a Japanese internet service provider, was raided by police. The incident resulted in the arrests of two executives and the company has since relocated its headquarters. Mori Building Company Mori Building Company, Limited ( 森ビル株式会社 , Mori Biru kabushiki gaisha )

390-687: The Tokyo Stock Exchange 's Mothers market in April 2000. In November 2002, Livin' on the Edge acquired the free Internet services business of Livedoor Corp., which had gone bankrupt. Livin' On the Edge changed its name to Edge Co., Ltd. in April 2003, then adopted the name of the ISP business it had acquired from Livedoor Corp., by renaming itself livedoor Co. Ltd. (Livedoor), in February 2004. This

420-402: The Tokyo Stock Exchange . Some brokers announced they would no longer allow use of the issue for margin trading. Volume was so heavy that it threatened to overload the TSE's computer system, prompting a halt in trading for the entire market—a breaking record and the first time this has ever occurred. The TSE ordered Livedoor to provide a formal response to the allegations. When the company filed

450-624: The Edge, a startup company run by Horie and a group of college friends and was officially founded as Livin' On the EDGE Inc. in April 1996, in Minato , Tokyo. In 1997, it was renamed Livin' On the EDGE Co., Ltd. Though initially a limited company ( yugen kaisha ), Livin' On the Edge was reorganized into a joint-stock company ( kabushiki kaisha ) in July 1997 and within only 3 years, went public on

480-577: The Livedoor name used to be operated by Line Corporation , developers of Line messaging services and the Naver Japan search portal from 2012 - 2022. Line Corporation, based in Japan, was spun off from NHN Japan, an arm of its Korean parent, in February 2013. In 2022 Livedoor was sold to Minkabu  [ ja ] . In February of the same year, its founder Takafumi Horie became executive advisor to livedoor. Livedoor began in 1995 as Livin' on

510-492: The Mizokawa family received a compensation payment of approximately 70 million yen from the building's operator, Mori Building Company. This sum was approximately equivalent to the cost of two doors of the type that caused the fatality. In March 2005, prosecutors indicted three people on charges of professional negligence resulting in death: senior Mori Building Co. executives Yuzo Tada and Yukihiro Koyama and an executive from

540-667: The Tokyo Stock Exchange on April 14, 2006. Fuji Television sued the company for ¥35 billion in damages in March 2007; 1,000 individual investors filed a class-action suit in May 2006, eventually rising to 3,340 asking for ¥23 billion, which resulted in a final ruling of ¥7.6 billion against Livedoor, and other similar suits resulted at least one judgment of ¥4.9 billion. Livedoor in turn sued its own executives, with founder Horie settling for ¥21 billion and six others settling for

570-409: The Tokyo Stock Exchange to delist Livedoor on April 14, 2006. The case broke on January 16, 2006, when Tokyo prosecutors raided several Livedoor locations, Horie's home, and the homes of other Livedoor and subsidiary executives on suspicions of securities fraud . The raids spooked investors and sent shares plunging on January 17 and 18 as a widening criminal investigation sparked panic selling on

600-413: The actual nature or severity of any crimes. The veracity of the suspicions aside, many smelled conspiracy given the timing of the action. It was seen as a political move by defenders of the status quo to punish Horie for daring to challenge them, and to discredit him and the business practices he had come to represent, which Horie's opponents considered distasteful and "un-Japanese." In order to prevent

630-613: The authorities labeled a suicide . The authorities called in several Livedoor and subsidiary executives for questioning over several days, and Horie himself on January 23. After several hours of questioning Horie, investigators felt they had learned enough to press charges and petitioned for four arrest warrants , which were granted. Horie, Livedoor's chief financial officer, and the presidents of two subsidiaries were arrested mid-evening for securities and accounting fraud. They were held for two months without bail, and during this time, Livedoor's temporary Representative Director Fumito Kumagai

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660-749: The competition to be the city's home team to Rakuten , a Japanese e-commerce company; the team became the Tohoku Rakuten Golden Eagles and began play in 2005 . Livedoor acquisitions in the U.S. included MailCreations in Miami, Florida, in June 2004 , which functioned as the company's U.S. headquarters. Livedoor entered search and contextual advertising spaces in America in November 2005. A scandal involving securities law violations led

690-421: The country's most controversial enterprises. Its growth came to a resounding halt when scandal erupted in early 2006. An investigation of securities law violations led to a nosedive in the company's stock price. The Tokyo Stock Exchange delisted Livedoor on April 14, 2006. The floundering company's properties were purchased by South Korea –based NHN Corporation in 2010. The ISP and blog services that bear

720-498: The end of 2005 ) including the new Livedoor. In 2008, Livedoor Holdings changed its name to "LDH Corporation." During the upheaval in 2006 and 2007 rumors spread that Livedoor was preparing a $ 2 billion initial public offering in 2008. Several technology companies expressed interest in participating but the IPO never materialized. Livedoor instead put itself up for sale. In early 2010 South Korea -based NHN Corporation bought Livedoor for

750-443: The founder, quit his job as an economics professor and entered the real estate business. He became the richest man in the world in 1992 with the net worth of $ 13 billion U.S. dollars. At the time his net worth was double that of Bill Gates and $ 3 billion more than Yoshiaki Tsutsumi . Taikichiro Mori died of heart failure on January 30, 1993, at the age of 88. This article about a Japanese corporation- or company-related topic

780-682: The revolving door's manufacturer, Sanwa Tajima Corporation, Hisanobu Kubo. Prosecutors argued that the Mori Building officials did not implement safety measures proposed after previous incidents because they would detract from the tower's entrance appearance. All three pleaded guilty to the charges, and in September they received three-year suspended prison sentences of 10 months, 10 months and 14 months, respectively. On 4 April 2007, an elevator system in Mori Tower produced

810-473: The space currently occupied by Barclays. While on a tour of Mori Tower on the morning of 26 March 2004, six-year-old Ryo Mizokawa was killed in a revolving door at the building's second-floor main entrance. Mizokawa's head was crushed between the door rotating from his left and the outer frame; he died two hours after reaching the hospital. The door's motion safety sensor was originally set to detect anything standing 80 centimeters (31 in) tall. This setting

840-413: Was also arrested. Japan's Securities Commission filed a criminal complaint against the five arrested ex-executives of the company on March 13, 2006. Founder Horie was sentenced to 2.5 years in jail on March 16, 2007. Others were given various jail sentences four days later but appealed. After losing 90% of its stock price in four months and strong evidence of securities fraud, Livedoor was delisted from

870-401: Was changed to 135 centimeters (53 in), however, after the door began stopping unnecessarily when detecting a newly installed, nearby safety barrier. After the incident, it was revealed that 32 people had previously sustained injuries caused by revolving doors at Roppongi Hills since the complex opened less than a year earlier. In September of the same year, in an out-of-court settlement,

900-575: Was followed by a 1:100 stock split. In March 2004, during the 2004 Nippon Professional Baseball realignment , Livedoor moved to acquire the Kintetsu Buffaloes , a Japanese baseball team, but later withdrew its offer and, in September 2004, founded its own team (named livedoor baseball ) and applied for admittance to Japan's professional baseball organization. The team's home ground was to be in Sendai, Miyagi Prefecture, but livedoor lost

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