Woodford sues Olympus. And Olympus sues ex japanese managers involved in the fee scandal.


A short update to give you one more messy news about Olympus. The day after Woodford abandoned the plan to be re-instaed as CEO he sued Olympus. “I will most definitely be suing Olympus,” Woodford said Friday at a press conference at the Foreign Correspondent’s Club in Tokyo. And the “The Kyodo News Agency had heard that the panel would advise the company suing over 10 existing and former executives for a total equivalent to $1.2 billion for hiding losses for 13 years” (Electronista).

What else can I say? It’s a mess and it’s pity that there is no way to solve the problem in a fast way.