Olympus Settled Claim from Japan's GPIF Over Scandal

Published: Jul 05, 2016

Olympus Corp last year settled a claim for damages from Japan's public pension fund for losses stemming from the medical-equipment maker's 2011 accounting scandal, a person familiar with the matter told Reuters on Tuesday.

Japan Trustee Services Bank Ltd, which manages the Government Pension Investment Fund's domestic stock portfolio, filed a 3.89 billion yen ($38 million) shareholder claim against Olympus in April 2014, settling a year later, the person said.

The settlement amount could not immediately be determined.

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