The hearing has been postponed until midday , however , which could allow time for the two parties to settle . Michael Woodford , the whistleblowing ex-chief executive of Olympus , will seek up to $ 60M . The U.S. Securities and Exchange Commission is investigating whether executives at Olympus, which has been struggling with a huge accounting scandal for months, misled investors about its financial health. His allegations led to resignations and arrests of top Olympus officials .
Michael Woodford , the whistleblowing ex-chief executive of Olympus , will seek up to $ 60M . The U.S. Securities and Exchange Commission is investigating whether executives at Olympus, which has been struggling with a huge accounting scandal for months, misled investors about its financial health. His allegations led to resignations and arrests of top Olympus officials .