January 28, 2014 - The court preliminarily approved the settlement.
December 26, 2013 - Parties filed a stipulation of settlement.

September 26, 2013 -The parties filed a stipulation agreeing to dismiss certain individual defendants without prejudice.

June 24, 2013 - The defendants filed a motion to dismiss.

June 7, 2013 - The lead plaintiff filed a third amended complaint on behalf of investors who purchased ADS of Olympus Corp (OTC: OCPNY) between May 8, 2007 and November 7, 2011. The lead plaintiff alleges that the defendants violated the Securities Exchange Act of 1934 by issuing false and misleading statements between May 8, 2007 and November 7, 2011.

May 10, 2013 - The court granted the lead plaintiff leave to amend the second amended complaint and ordered the defendants' motion to dismiss as moot.

March 5, 2013 - The defendants filed a motion to dismiss.

January 15, 2013 - The lead plaintiff filed a second amended complaint.

September 24, 2012 - The lead plaintiff and lead counsel were appointed.

January 13, 2012 - A lead plaintiff motion was filed.

November 17, 2011 - A plaintiff filed an amended complaint.

November 14, 2011 - An investor in American Depositary Shares (ADS) of Olympus Corp (OTC: OCPNY) filed a lawsuit in the U.S. District Court for the Eastern District of Pennsylvania against Olympus Corporation over alleged Violations of Federal Securities Laws.

According to the complaint the plaintiff alleges on brought on behalf of purchasers of ADSs of Olympus Corp (OTC: OCPNY) between November 7, 2006 and November 7, 2011, that Olympus Corporation violated the Securities Exchange Act of 1934. Specifically the plaintiff alleges that Olympus Corporation falsely represented its finances for over five years and hid large losses by characterizing them in its financial's as fees paid to investment advisers for work on certain acquisitions.

Olympus Corp (ADS) (OTC: OCPNY) rose from as low as $12.71 in March 2009 to as high as $35.30 in July 2011. Then OCPNY ADS's fell from $32.10 on October 13, 2011 to $19.88 on October 17, 2011.

On October 14, 2011 Olympus Corp's Board of Directors fired the Company's then-President and Chief Executive Officer, Michael Woodford.

Mr. Woodford has said he was removed from his posts after raising questions about the size of payments made by Olympus Corp in a series of deals between 2006 and 2008. Among them was the $1.92 billion acquisition of British medical-device maker Gyrus Group and the $687.0 million in advisory fees paid to a relatively obscure financial firm in relation to the acquisition. Several media outlets said the Federal Bureau of Investigation is looking into the payment. The New York Times said the payment went to a Cayman Islands investment fund overseen by the US-based Axes.

Then on November 8, 2011, Olympus Corp admitted to an accounting cover-up, stating that the advisory fees paid in connection with the Gyrus deal and other acquisitions were used to hide steep investment losses that began in approximately 1990. Speaking at a press conference, the Company's President, Shuichi Takayama, confessed that [w]e have conducted extremely improper accounting and that [o]ur previous statements were in error.

Olympus Corp (ADS) (OTC: OCPNY) fell from over $32 per share on October 13, 2011 to as low as $8.53 during November 8, 2011.