Olympus whistleblower wins millions in settlement

TOKYO (AP) — Former Olympus Corp. Chief Executive Michael Woodford will receive 10 million pounds ($1.2 billion yen, $15.4 million) in a settlement over his dismissal from the Japanese camera and medical equipment maker. Olympus also announced it will cut nearly 3,000 jobs.

Last week, both sides said they reached a settlement. Olympus disclosed the figure Friday, following approval from its board. It said the dispute was being brought to a close.