"Fujitsu Commits to Compensating UK Post Office Victims for Software Scandal"

Fujitsu's shares dropped nearly 4% after its Europe co-CEO, Paul Patterson, stated that compensating victims of the Post Office scandal was a "moral obligation." The company's faulty software led to the wrongful prosecution of hundreds of sub-postmasters in the UK. Fujitsu has not yet determined its contribution to the 1 billion pound compensation fund set aside by the government, but it is expected to shoulder a "reasonable financial burden." Despite the scandal, Fujitsu remains deeply embedded in UK government IT contracts.