Olympus sued for $273 million over accounting scandal

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Reuters reports six Japanese trust banks have filed a lawsuit against Olympus for ¥27.9bn (around $273 million) in damages relating to the company’s false financial statements. According to the report this is the fifth publicly recognized lawsuit stemming from a 2011 accounting scandal. Olympus said it would set aside ¥17bn ($166.49m) to settle three of those five suits. Learn more