{"id":12901,"date":"2012-05-29T11:11:00","date_gmt":"2012-05-29T10:11:00","guid":{"rendered":"http:\/\/amateurphotographer.co.uk\/uncategorized\/tribunal-olympus-strikes-deal-with-woodford-update-11-45am-12901"},"modified":"2014-09-02T14:27:54","modified_gmt":"2014-09-02T13:27:54","slug":"tribunal-olympus-strikes-deal-with-woodford-update-11-45am","status":"publish","type":"post","link":"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/tribunal-olympus-strikes-deal-with-woodford-update-11-45am\/","title":{"rendered":"Tribunal: Olympus strikes &#8216;deal&#8217; with Woodford (update 11.45am)"},"content":{"rendered":"<p>\n    <em>Former Olympus CEO Michael Woodford, pictured at his London home<\/em><br \/>\n    <em> shortly after he exposed the <a href=\"http:\/\/amateurphotographer.co.uk\/photo-news\/538659\/olympus-scandal-whistleblower-approached-by-hollywood-interview-update\">\u00a31.1 billion accounting cover-up<\/a>. At the time, he was receiving police protection and compared the drama to a <a href=\"http:\/\/amateurphotographer.co.uk\/photo-news\/534500\/olympus-cameras-must-be-super-fit-but-not-sold-says-woodford-update-15-december-4-40pm\">John Grisham novel<\/a><\/em>\n  <\/p>\n<p>A spokesperson for the East London Tribunal confirmed to <em>Amateur Photographer (AP)<\/em> that a settlement has been reached between both parties, adding that no further hearings will take place this week.<\/p>\n<p>News agency Reuters reports that the terms of what is believed to be a <a href=\"http:\/\/amateurphotographer.co.uk\/photo-news\/538803\/olympus-whistleblower-fights-for-38m-payout-hearing-delayed-update-3-57pm\">&#8216;multi-million-pound deal&#8217; <\/a>have not yet been disclosed.<\/p>\n<p>Last night, the <em>Financial Times<\/em> reported that the whistleblower was prepared to accept \u00a310m. <\/p>\n<p>Woodford had launched a legal battle against Olympus for unfair dismissal and discrimination after he was fired last October.<\/p>\n<p>Olympus initially claimed that Woodford lost his job over a clash of management styles.<\/p>\n<p>The firm later owned up to a <a href=\"http:\/\/amateurphotographer.co.uk\/photo-news\/538659\/olympus-scandal-whistleblower-approached-by-hollywood-interview-update\">financial cover-up<\/a> stretching back to the 1990s.<\/p>\n<p>Olympus Tokyo had yet to respond to AP&#8217;s request for comment at the time of writing. <\/p>\n<p>Olympus must first approve the settlement at a board meeting next month, adds the Reuters report.<\/p>\n<p>The tribunal hearings had been due to last for the rest of this week.<\/p>\n<p>[Picture credit: C Cheesman] <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Olympus scandal whistleblower Michael Woodford has reached an out-of-court settlement with his former employer, a tribunal spokesperson has confirmed.<\/p>\n","protected":false},"author":324,"featured_media":12902,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[39],"tags":[],"product-category":[],"class_list":["post-12901","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-photo-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.8 (Yoast SEO v26.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Tribunal: Olympus strikes &#039;deal&#039; with Woodford (update 11.45am) - Amateur Photographer<\/title>\n<meta name=\"description\" content=\"Olympus scandal whistleblower Michael Woodford has reached an out-of-court settlement with his former employer, a tribunal spokesperson has confirmed.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/tribunal-olympus-strikes-deal-with-woodford-update-11-45am\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tribunal: Olympus strikes &#039;deal&#039; with Woodford (update 11.45am)\" \/>\n<meta property=\"og:description\" content=\"Olympus scandal whistleblower Michael Woodford has reached an out-of-court settlement with his former employer, a tribunal spokesperson has confirmed.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/tribunal-olympus-strikes-deal-with-woodford-update-11-45am\/\" \/>\n<meta property=\"og:site_name\" content=\"Amateur Photographer\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/www.facebook.com\/Amateur.photographer.magazine\" \/>\n<meta property=\"article:published_time\" content=\"2012-05-29T10:11:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2014-09-02T13:27:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/other.kelsey.host\/amateurphotographer\/wp-content\/uploads\/sites\/16\/2012\/05\/DSC_0009.adj_.low_.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"480\" \/>\n\t<meta property=\"og:image:height\" content=\"717\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Megan Graye\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@AP_Magazine\" \/>\n<meta name=\"twitter:site\" content=\"@AP_Magazine\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Megan Graye\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/tribunal-olympus-strikes-deal-with-woodford-update-11-45am\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/tribunal-olympus-strikes-deal-with-woodford-update-11-45am\/\"},\"author\":{\"name\":\"Megan Graye\",\"@id\":\"https:\/\/other.kelsey.host\/amateurphotographer\/#\/schema\/person\/09a37c0ec6db00d983eb2045e99ff2f1\"},\"headline\":\"Tribunal: Olympus strikes &#8216;deal&#8217; 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