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Olympus Corp.

  • Former Olympus chairman gets suspended sentence over accounting fraud

    A judge gave the former chairman of camera maker Olympus Corp., Tsuyoshi Kikukawa, a suspended sentence for the part he played in the $1.7 billion accounting fraud that nearly two years ago plunged the company into disrepute and a severe loss of market value.

  • Former Olympus CEO settles lawsuit over his dismissal

    The former CEO and president of Olympus Corp., Michael Woodford, was fired in October 2011 for asking too many questions about the hundreds of millions of dollars the company spent acquiring a medical manufacturer.

  • Reviewing 5 of December's top stories

    Updates on InsideCounsel's biggest stories this month

  • Japanese prosecutors raid Olympus offices

    Japanese prosecutors were a little late in their raiding of Olympus Corp.’s Tokyo offices on Tuesday, seeing as it’s been more than a month since the company owned up to more than a decade’s worth of accounting fraud that hid investment losses totaling $1.7 billion.

  • Report released on Olympus’s investment loss cover-up

    After a month-long investigation into Olympus Corp.’s massive cover-up of investment losses, a report was released yesterday by an independent panel claiming three former chairmen, three senior aides and other governing members of the Japanese company who did nothing to stop it were “rotten to the core,” and that everyone...

  • Olympus admits to hiding losses

    Olympus Corp. announced yesterday that it has been covering up investment losses for decades—relying on acquisitions of other companies to hide the losses.

  • Olympus says ex-CEO leaked company secrets

    While Michael Woodford may not be a Klingon, he may also subscribe to the belief that revenge is a dish best served cold. The former Olympus Corp. CEO is currently under fire from the company for allegedly using his position to leak company secrets.

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