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OCPNY Olympus Corporation (PK)

18.00
0.00 (0.00%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Olympus Corporation (PK) USOTC:OCPNY OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 18.00 0.00 01:00:00

Sarraf Gentile LLP Investigates Olympus Corporation

28/10/2011 10:48pm

Business Wire


Olympus (PK) (USOTC:OCPNY)
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Sarraf Gentile LLP announces that it is investigating Olympus Corporation (“Olympus” or the “Company) (OTC: OCPNY.PK; OTC: OCPNF.PK) in connection with recent governmental inquiries into the Company.

According to The New York Times, the Securities and Exchange Commission and the Federal Bureau of Investigation are looking into the Company’s $687 million payout to Axes America. The F.B.I, according to the Times, began its examination soon after Olympus fired its chief executive, who had confronted the Company’s chairman about the suspect payouts (the Company’s chairman has also resigned). According to the Times, “it is believed that federal authorities are possibly interested in whether the fees amounted to money laundering or other illicit acts.”

If you purchased or own Olympus stock and want to discuss your legal rights, at no cost and without obligation, please contact Joseph Gentile at Sarraf Gentile LLP (telephone: 212-868-3610; e-mail: joseph@sarrafgentile.com).

Sarraf Gentile LLP has extensive experience litigating shareholder class actions across the United States and has recovered millions of dollars on behalf of injured shareholders.

ATTORNEY ADVERTISING. Prior results do not guarantee a similar outcome.

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