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...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.