Shares of Olympus (OCPNY.PK) get hammered in early Japanese trading after the company reveals...

|About: Olympus Corp. ADR (OCPNY)|By:, SA News Editor

Shares of Olympus (OCPNY.PK) get hammered in early Japanese trading after the company reveals that a third-party committee appointed to investigate past acquisitions has discovered the use of multiple, potentially illegal funds to defer losses from certain purchases. The committee says the activity has been going on since the 1990s, and could threaten the validity and legality of previous deals. Shares are currently -29%, trading ask-only with no bids.