Olympus says being sued by six banks for $273 million over 2011 scandal

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A man passes a logo of Japan's Olympus outside the company showroom in TokyoBy Sophie Knight TOKYO (Reuters) – Olympus Corp on Wednesday said six Japanese trust banks have filed a lawsuit against the endoscope maker seeking 27.9 billion yen ($273 million) for damages relating to a $1.7 billion accounting scandal in 2011. The six banks, which include State Street Trust and Banking Co Ltd, Mitsubishi UFJ Trust and Banking Corp and The Nomura Trust and Banking Co Ltd, are seeking compensation for false financial statements submitted by Olympus in the 11 years to 2011. Damages from the scandal continue to weigh on Olympus, with the announcement marking the fifth lawsuit it has publicly recognized.

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