<p>Olympus Corp. said Friday that it has reached the first settlement in a series of shareholder lawsuits filed in Japan and abroad over a bubble-era accounting fraud that gutted the company's value after it came to light.</p><p>The camera and precision instruments maker agreed to pay $2.6 million to settle a suit filed by shareholders in the United States.</p><p>The suit was filed with the U.S. District Court for the Eastern District of Pennsylvania in November 2011, claiming losses from a decline in the value of Olympus' American depository receipts caused by the accounting scandal and coverup attempt.</p><p>The scandal-tainted company has been accused of concealing huge losses on speculative investments made in the 1990s by using funds from corporate acquisitions since 2005.</p><p><a href="http://www.japantimes.co.jp/news/2013/09/27/national/olympus-reaches-first-shareholder-settlement-over-accounting-scandal/">Keep reading...</a></p><p>Read also:</p><p><a href="http://www.japantoday.com/category/business/view/olympus-pays-u-s-investors-2-6-mil-over-accounting-scandal">Olympus pays US investors $ 2.6 mil over accounting scandal</a> (Japan Today)</p><p>Explore: <a href="http://news.google.com/news/more?ncl=du1in-q1NY4zS4MNvHTsB-h_YwH7M&ned=us">3 additional articles.</a></p>