Olympus says Terumo sues for $85 million over share loss
TOKYO (Reuters) - Olympus Corp said on Wednesday it had received a lawsuit filed by Terumo Corp over loss of its shareholder value.
Olympus said Terumo, a Japanese medical device maker, is demanding to be compensated for a loss of around 6.6 billion yen ($84.5 million) on its shareholding.
The loss followed a plunge in Olympus's share price after an accounting scandal came to light last year.
Camera and endoscope maker Olympus said it does not expect any other similar lawsuits.
Terumo holds a 2.5 percent stake in Olympus and has proposed to invest 50 billion yen in cash-strapped Olympus.
($1 = 78.1000 Japanese yen)
(Reporting by Miki Kayaoka; Editing by Michael Watson)
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