The Law Firm of Levi & Korsinsky Notifies Investors with Losses on Their Investment in Olympus Corp. of Class Action Lawsuit ...
November 30 2011 - 2:59PM
Business Wire
Levi & Korsinsky announces that a class action lawsuit has
been commenced in the United States District Court for the Eastern
District of Pennsylvania on behalf of purchasers of Olympus
Corporation (“Olympus” or the “Company”) (PINK: OCPNY) American
Depository Receipts (“ADRs”) between November 7, 2006 and November
7, 2011 (the “Class Period”).
For more information, click here:
http://zlk.9nl.com/olympus-ocpny.
The complaint alleges that Olympus falsely represented its
finances and hid substantial investment losses by disguising them
as fees paid to now-defunct investment advisers in connection with
certain acquisitions. The fraudulent accounting was revealed to the
markets when Olympus’ CEO was fired after demanding a full inquiry
into the payments.
Olympus recently admitted to wrongfully “engaging in activities
such as deferring the posting of losses on investment securities.”
The Company is currently under investigation by the SEC and FBI.
The per-share value of Olympus ADRs dropped from a class period
high of $35.00 to a closing price of $5.95 on November 10,
2011.
If you suffered a loss in Olympus ADRs you have until January
13, 2012 to request that the Court appoint you as lead plaintiff.
Your ability to share in any recovery doesn't require that you
serve as a lead plaintiff. To obtain additional information,
contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or
by telephone at (877) 363-5972, or visit
http://www.zlk.com/olympus-ocpny.html.
Levi & Korsinsky has expertise in prosecuting investor
securities litigation and extensive experience in actions involving
financial fraud and represents investors throughout the nation,
concentrating its practice in securities and shareholder
litigation. Attorney advertising. Prior results do not guarantee
similar outcomes.
Olympus (PK) (USOTC:OCPNY)
Historical Stock Chart
From Jun 2024 to Jul 2024
Olympus (PK) (USOTC:OCPNY)
Historical Stock Chart
From Jul 2023 to Jul 2024
Real-Time news about Olympus Corporation (PK) (OTCMarkets): 0 recent articles
More Levi & Korsinsky News Articles