Olympus says shareholders sue for $240 million damages


Japan's Olympus Corp <7733.T> said on Tuesday that 48 shareholders are suing it for 19.1 billion yen ($240.5 million) in compensation related to the camera and medical equipment maker's accounting scandal.

Olympus said it is unclear if the action will have any impact on its earnings.

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Olympus and three of its former executives pleaded guilty at a Tokyo court in September to charges related to the $1.7 billion accounting cover-up, which forced it to restate several years of earnings.

(Reporting by Mari Saito; Editing by Michael Watson)