Olympus Struggles To Survive Merger Fee Scandal

Law360, New York (October 25, 2011, 7:03 PM EDT) -- For Olympus Corp. to survive a growing scandal over exorbitant fees it paid for merger advice, the 92-year-old Japanese camera giant must placate shareholders poised to sue over its plummeting stock price and persuade government officials it can correct its corporate lapses internally, attorneys and crisis consultants say.

Olympus suffered a stinging hit to its credibility and market value when news leaked earlier this year that it had paid $687 million in 2008 for advice on its $2 billion takeover of British medical instruments maker Gyrus...
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