Olympus has today confirmed it has received a lawsuit from Michael Woodford, the ousted CEO who blew the whistle on a u00a31.1 billion accounting cover-up.
Olympus has today confirmed it has received a lawsuit from Michael Woodford, the ousted CEO who blew the whistle on a £1.1 billion accounting cover-up.
Woodford told reporters, in January, that he planned to sue the scandal-hit camera maker for unfair dismissal.
A spokesperson for Olympus?s Tokyo headquarters today confirmed that the company has received a ?written complaint? from Woodford, but declined to elaborate, telling Amateur Photographer (AP): ?In view of legal proceedings, we are unable to provide further comment at this time.?
Last month Woodford quit his campaign to return as Olympus CEO.
Though the Briton won support from foreign investors in his bid to return to the top job, he faced an uphill struggle to win over large, Japan-based, shareholders.
He also cited the toll that the scandal had taken on his family.
Yesterday, AP reported that Britain’s Serious Fraud Office (SFO) is continuing to liaise with overseas investigators as part of its ongoing probe.
Woodford claimed it was ?highly likely? there would be further revelations to come and urged all interested parties to ?closely scrutinise events?.
He also confirmed his intention to attend an Extraordinary Shareholders Meeting in Japan on 20 April.