plaintiff charges that the company failed to launch an immediate investigation when former president michael wolford pointed out accounting irregularities in october. he says olympus aggravated damage to the company through its unjust dismissal in an effort to cover up the scandal. >> translator: we aim to expose in court why and how woodford was dismissed. >>> europe's way out of its credit whoas took a bleak turn with standard and poors downgrading the european bailout fund. s&p is the same company that cut the ratings of nine euro zone nations on friday. the rating was lowered by one notch from the highest to aa plus. the funds are intended to assist euro seven member countries that are unable to procure financing by themselves. france and austria are backing the funds. s&p last friday stripped these two countries of their prized aaa ratings and downgraded seven other nations including spain, italy and portugal. the one notch rating cuts for france and austria led to lowest reliability of the debts prompts rating agencies to downgrade the fund. meanwhile they released a statement on the s&p downg