TOKYO -- Former Olympus Corp. Chief Executive Michael Woodford will receive £10 million (¥1.2 billion, $15.4 million) in a settlement over his dismissal from the Japanese camera and medical equipment maker.
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.
Woodford, a Briton, was fired in October after he blew the whistle on dubious accounting at Olympus.
The Tokyo-based company has acknowledged it hid ¥117.7 billion ($1.5 billion) in investment losses dating back to the 1990s.
Woodford sued in a British court, accusing Olympus of unlawful firing and discrimination in not treating him the same way as a Japanese executive.
The Associated Press