DOJ Unlikely To Spend Scarce Time, Money On Olympus Case

Law360, New York (September 25, 2012, 7:15 PM EDT) -- Olympus Corp. and three former executives reportedly pled guilty in Japanese court Tuesday over a $1.7 billion accounting scandal that has rocked the medical device and camera maker, but experts said U.S. prosecutors likely won't spend their limited resources to bring redundant charges.

The guilty pleas came on the first day of trial in Japan's sprawling case against Olympus, its former Chairman Tsuyoshi Kikukawa, former Executive Vice President Hisashi Mori and former auditor Hideo Yamada, according to several media reports. Olympus has previously admitted to hiding...
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