Olympus sued for $273 million over accounting scandal

Thanks for the heads up DPR.
This usefull reporting information will surely come in handy the next time I wish to review digital photography.

Mitsubishi Bank...one of Nikons shareholders.... :))

That's why the prices of Olympus cameras ans lenses are so ridiculously high.

If Olympus rip-off the banking system or financial system, the same system skinned us alive. And we are happy, and life goes on...

Looks like those banks expect Olympus to commit Seppuku with a plastic spork (combination spoon/fork).

It's sort of interesting to see banks sue a company that makes somethings for once doing what they always do themselves: money out of nothing.

Olympus must have the money the banks want in on it.
I wonder if I could sue too? There probably won't be any money after the bloodsucking attorneys and banks get through with them. How about at a new E-M1 instead or at the least an E-M10 :)

It's amazing how Olympus manages to survive.

I never buy any product from a company without trust.

I don't understand what the banks are suing for... are they after the money that was originally invested or the imaginary profits they never received?

Banks, upset at business malfeasance. That's a good one, since we just went through a near-depression thanks to their "flamboyant" business practices.

Just as how the Olympus tobashi scheme occurred over at least a two decade time frame, so will the backlash from those gravely affected financially.

One wonders how Olympus can gain profitability and trust again from major investors.

I wonder if the banks will accept $50 vouchers toward the purchase of an Olympus product in lieu of the $273 million, esp now that Olympus has released a workaround for shutter shock on the E-M1.

As the attorneys know, there is more money in colonoscopes than cameras, both figuratively and literally.

Wot! banks crying foul!? Greedy gits. Cant stand banks especially when they are going after my favorite Camara maker, Booo

Full frame litigation would involve four times the value of this claim. However, the particulars of claim would be half as thin and read with an air of superiority.

oh noes, the m4/3 system is doomed as every olympus camera will cease to function as of tomorrow. you see, people, this is what happens to companies who refuse to use the sony FF sensors.
come to think of it, isn't this claim only equivalent to $136.5 million for companies that have FF systems?