Law Office of Brodsky & Smith, LLC Announces Investigation of Olympus Corporation
07 December 2011 - 9:29AM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating Olympus Corporation. (“Olympus” or the “Company”)
(PINK: OCPNY.PK) on behalf of purchasers of Olympus American
Depository Receipts (“ADR”) purchased between November 7, 2006 and
November 7, 2011 (“Class Period”).
The investigation concerns alleged fraudulent accounting that
was revealed when Olympus’ CEO was fired after demanding a full
inquiry into fees paid to investment advisors in connection with
certain acquisitions. It has been recently reported that a
third-party panel said top executives at Olympus devised an
elaborate scheme to cover up investment losses involving at least
$1.7 billion. The panel’s findings appeared to vindicate the former
CEO, who had called for an inquiry into a series of exorbitant
acquisition payments. The per-share value of Olympus ADR’s has
dropped from $35.00 to a closing price of $5.95 on November 10,
2011.
If you suffered a loss in Olympus and wish to discuss the legal
ramifications of the investigation, you may e-mail or call the law
office of Brodsky & Smith, LLC who will, without obligation or
cost to you, attempt to answer your questions. You may contact
Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky
& Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004,
by e-mail at investorrelations@brodsky-smith.com, visiting
http://brodsky-smith.com/365-ocpny.pk-olympus-corporation.html, or
by calling toll free 877-LEGAL-90.
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