{"id":12943,"date":"2012-05-28T11:33:00","date_gmt":"2012-05-28T10:33:00","guid":{"rendered":"http:\/\/amateurphotographer.co.uk\/uncategorized\/olympus-whistleblower-fights-for-38m-payout-hearing-delayed-update-3-57pm-12943"},"modified":"2014-09-02T14:28:38","modified_gmt":"2014-09-02T13:28:38","slug":"olympus-whistleblower-fights-for-38m-payout-hearing-delayed-update-3-57pm","status":"publish","type":"post","link":"https:\/\/other.kelsey.host\/amateurphotographer\/latest\/photo-news\/olympus-whistleblower-fights-for-38m-payout-hearing-delayed-update-3-57pm\/","title":{"rendered":"Olympus whistleblower fights for &#8216;\u00a338m&#8217; payout: Hearing &#8216;delayed&#8217; (update 3.57pm)"},"content":{"rendered":"<p>Woodford, a former Olympus CEO, was <a href=\"http:\/\/amateurphotographer.co.uk\/photo-news\/538659\/olympus-scandal-whistleblower-approached-by-hollywood-interview-update\">sacked last October <\/a>after exposing a multi-million-dollar accounting fraud at the firm.<\/p>\n<p>\n    <strong>NEWS UPDATE: The hearing has been delayed until tomorrow, due to &#8216;unresolved issues&#8217;, according to an unconfirmed report by Alex Spence (@spencetimes), a journalist for <em>The Times<\/em> who posted a <a href=\"https:\/\/twitter.com\/#!\/spencetimes\">message on Twitter <\/a><\/strong>\n  <\/p>\n<p>\n    <strong>NEWS UPDATE 29 May: Woodford strikes payout <a href=\"http:\/\/amateurphotographer.co.uk\/photo-news\/538811\/olympus-strikes-payout-deal-with-woodford\">&#8216;deal&#8217; <\/a><\/strong>\n  <\/p>\n<p>[Original article continues from here] <\/p>\n<p>At the time, Olympus claimed that he lost his job owing to a clash of management styles.<\/p>\n<p>Woodford is taking legal action against Olympus on grounds of <a href=\"http:\/\/amateurphotographer.co.uk\/photo-news\/538659\/olympus-scandal-whistleblower-approached-by-hollywood-interview-update\">unfair dismissal and discrimination<\/a>.<\/p>\n<p>Woodford has not previously made public the figure that he hopes to receive.<\/p>\n<p>However, the <em>Financial Times<\/em>, the newspaper Woodford first contacted when he lost his job, states he is seeking up to $60m (\u00a338m).<\/p>\n<p>The amount of the payout could, potentially, reach a <a href=\"http:\/\/www.reuters.com\/article\/2012\/05\/28\/olympus-woodford-lawsuit-idUSL5E8GS06K20120528\">record figure<\/a>, according to experts.<\/p>\n<p>The $60m figure is understood to cover 10 years of lost earnings.<\/p>\n<p>The employment tribunal hearings, at Stratford in East London, are due to last for five days.<\/p>\n<p>Today&#8217;s hearing is set to begin at noon.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Olympus scandal whistleblower Michael Woodford is due to face his former employer at a UK tribunal within the next half-hour, where he will reportedly seek up to $60m compensation.<\/p>\n","protected":false},"author":324,"featured_media":0,"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-12943","post","type-post","status-publish","format-standard","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>Olympus whistleblower fights for &#039;\u00a338m&#039; 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