MOV is a wrapper, what is inside YOUR wrapper - Exactly what is INSIDE the video you are editing?
Codec & Format information, with 2 links inside for you to read http://forums.adobe.com/thread/1270588
Report back with the codec details of your file, use the programs below... A screen shot works well to SHOW people what you are doing
http://forums.adobe.com/thread/592070?tstart=30 for screen shot instructions
Free programs to get file information for PC/Mac http://mediaarea.net/en/MediaInfo/Download
Have you check the Olympus specifications E-M1 16MP Interchangeable Lens Digital Camera - OM-D | Olympus for your camera?
Have you checked the CD that came with your camera to find an Olympus codec to install?