Ex-Olympus CEO Woodford: To Sue Olympus For Firing With No Legal Basis
January 05 2012 - 10:41PM
Dow Jones News
Ousted Olympus Corp. (7733.TO) Chief Executive Officer Michael
Woodford said Friday he plans to sue his former employer for firing
him with no legal basis.
Woodford said he has already filed a lawsuit with a tribunal
court in the U.K. and another lawsuit in Japan may follow.
The Olympus board's decision to fire him in October long before
his four-year contract had expired "had absolutely no legal basis,"
Woodford said in a group interview at his hotel room in central
Tokyo.
He also said he will seek "substantial and significant" damages
from Olympus.
-By Juro Osawa, Dow Jones Newswires; +81-3-6269-2794;
juro.osawa@dowjones.com
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