Olympus In Legal Dispute With Whistleblower Woodford Over Pension
Olympus, the Japanese medical equipment and camera maker, is suing former CEO and whistleblower Michael Woodford in a multimillion-pound legal row over allegations of wrongdoing surrounding an executive pension plan.
Almost five years after Woodford lifted the lid on one of Japan's biggest corporate frauds, his former employer is claiming more than 15 million pounds ($20 million) from him and a former colleague, alleging they conspired to maximize their pension benefits by unlawful means, according to court filings.
Almost five years after Woodford lifted the lid on one of Japan's biggest corporate frauds, his former employer is claiming more than 15 million pounds ($20 million) from him and a former colleague, alleging they conspired to maximize their pension benefits by unlawful means, according to court filings.