Olympus says Terumo sues for $85 million over share loss
TOKYO (Reuters) – Olympus Corp said on Wednesday it had received a lawsuit filed by Terumo Corp over loss of its shareholder value. Olympus said Terumo, a Japanese medical device maker, is demanding to be compensated for a loss of around 6. 6 billion yen ($84. 5 million) on its shareholding. The loss followed a plunge in Olympus’s share price after an accounting scandal came to light last year. Camera and endoscope maker Olympus said it does not expect any other similar lawsuits. Terumo holds a 2. 5 percent stake in Olympus and has proposed to invest 50 billion yen in cash-strapped Olympus. . . .
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