Olympus Ex-CEO Woodford Says Suing Company Over Dismissal
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Olympus Corp.’s former Chief Executive Officer Michael Woodford said he’s suing the Japanese camera maker over his dismissal as he abandoned plans to wage a proxy battle for control of the company.
Woodford, 51, filed a case in the U.K. last week seeking damages for the remainder of his four-year contract and additional costs, and may also file a case in Japan, the British national told reporters yesterday in Tokyo. He declined to specify the amount he is seeking.