Last week, Olympus Corp. admitted that former executives disguised more than $1 billion in investment losses as fees and costs incurred in a series of acquisitions. The disclosure raised the prospect of a de-listing from the Tokyo Stock Exchange, a potentially catastrophic blow to shareholders who have already lost 80 percent of the value of their holdings in the month since the scandal first surfaced.

In America, lawyers would be strapping in for years of litigation. First, prosecutors would take their shot at getting stiff sentences handed down to the responsible executives. Then securities class action lawyers would have their field day.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]