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Tokyo High Court Dismisses Appeal in Olympus Shareholder Lawsuit

Story Highlights
  • Olympus is a leader in optical and digital solutions, focusing on imaging and healthcare.
  • The Tokyo High Court dismissed a shareholder lawsuit appeal, supporting Olympus’s internal practices.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Tokyo High Court Dismisses Appeal in Olympus Shareholder Lawsuit

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The latest announcement is out from Olympus ( (JP:7733) ).

Olympus Corporation announced that the Tokyo High Court dismissed an appeal in a shareholder’s derivative lawsuit involving claims against current and former directors and auditors. The lawsuit sought damages related to alleged failures in duty concerning agreements by a Chinese subsidiary. The court’s decision supports Olympus’s stance that the claims were unfounded, potentially reinforcing its internal control practices and decision-making processes.

The most recent analyst rating on (JP:7733) stock is a Buy with a Yen2000.00 price target. To see the full list of analyst forecasts on Olympus stock, see the JP:7733 Stock Forecast page.

More about Olympus

Olympus Corporation operates in the technology and precision instruments industry, primarily focusing on manufacturing optical and digital solutions. The company is known for its cameras, medical devices, and scientific solutions, with a significant market presence in imaging and healthcare sectors.

Average Trading Volume: 4,686,685

Technical Sentiment Signal: Sell

Current Market Cap: Yen2127.7B

See more insights into 7733 stock on TipRanks’ Stock Analysis page.

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