Japanese optical equipment giant
Olympus is facing lawsuits from six trust banks who want
compensation over false financial statements from 2000 to 2011.
The financial institutions are seeking a total of 28
billion yen or $273 million.
Olympus was entangled in one of Japan's biggest accounting
scandals which emerged in October 2011.
Chief executive Michael Woodford turned whistleblower and
revealed investment losses which had been hidden for many years.
The six banks include Mitsubishi UFJ Trust and Banking, the
Nomura Trust and State Street Trust.
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