THE DEAL: Japanese camera maker Olympus Corp. has reached a settlement with whistleblower Michael Woodford, who had been suing over his dismissal as chief executive.
THE SCANDAL: Woodford was fired in October after he blew the whistle on dubious accounting at Olympus. The Tokyo-based company has acknowledged it hid investment losses dating back to the 1990s.
WHAT HAPPENS NOW: Olympus's board must sign off on the settlement. Terms were not disclosed.