SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Nissan Motor Co., Ltd. (NSANY)
NEW YORK, Nov. 19, 2018 (GLOBE NEWSWIRE) -- Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers Nissan Motor Co., Ltd. (“Nissan” or the “Company”) (OTCMKT: NSANY). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: bgandg.com/nsany.
The investigation concerns whether Nissan and certain of its officers and/or directors have violated federal securities laws.
On November 19, 2018, media outlets reported that the Company’s Chairman Carlos Ghosn had been arrested by Japanese authorities for violations of Japanese financial law. In a press release, Nissan stated that the Company “has been conducting an internal investigation over the past several months regarding misconduct involving the company’s Representative Director and Chairman Carlos Ghosn and Representative Director Greg Kelly”, which revealed “that over many years both Ghosn and Kelly have been reporting compensation amounts in the Tokyo Stock Exchange securities report that were less than the actual amount, in order to reduce the disclosed amount of Carlos Ghosn’s compensation.” The Company further stated that “in regards to Ghosn, numerous other significant acts of misconduct have been uncovered, such as personal use of company assets, and Kelly’s deep involvement has also been confirmed.” Following this news, Nissan’s American depositary receipt price fell sharply during intraday trading on November 19, 2018.
If you are aware of any facts relating to this investigation, or purchased Nissan shares, you can assist this investigation by visiting the firm’s site: bgandg.com/nsany. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:Bronstein, Gewirtz & Grossman, LLC Peretz Bronstein or Yael Hurwitz 212-697-6484 | firstname.lastname@example.org