Olympus struggle to circumvent delisting

© Scanpix/Reuters

Michael C. Woodford, a former president of Olympus Corp. together with Japanese officials is working on a rescue plan that would dodge Olympus delisting. The key goal for company is create accounts by December 14 placed by regulators to evade being delisted from trading. Olympus has been exposed to delisting after 3 executives were detected to engage in scheme to shroud losses.