Olympus Committee To Probe Merger Fee Scandal

Law360, New York (November 1, 2011, 12:22 PM EDT) -- Olympus Corp. on Tuesday appointed a third-party committee led by a former justice of Japan's supreme court to investigate the scandal — and resultant stock plunge — over exorbitant advisory fees the company paid during its takeover of a British medical instruments maker.

The scandal over past deals, including a $687 million payment Olympus allegedly made for financial advice on its $2 billion takeover of the British company Gyrus Group, has cost the Japanese camera giant more than half of its market value — about $4.6...
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