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Ex-Olympus CEO Woodford Settles Unfair-Firing Lawsuit

Michael Woodford, the former Olympus Corp. chief executive officer and president who was fired after uncovering fraud, settled a London lawsuit against the company.

Woodford sued Olympus at an employment tribunal for discrimination and unfair dismissal under whistle-blowing rules and was said to be seeking $60 million, according to a person familiar with the claim.