Olympus sues its current and former managers claiming $1.7bn - News - Dukascopy Bank

Tue, 10 Jan 2012 07:51:33 GMT
Source: Bloomberg
 
© Scanpix/Reuters

Olympus Corp. announced it will request to cover losses valued at $1.7bn, created by firm's president, Shuichi Takayama and 18 other past and present executives which are accused for involving in a scheme to shroud investment losses. Olympus gained 21% in Tokyo morning trade lifted by investor hopes that company will remain publicly traded in stock exchange. 


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