INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Nissan Motor Co., Ltd. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
LOS ANGELES--(BUSINESS WIRE)--Nov 19, 2018--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Nissan Motor Co., Ltd. (“Nissan” or “the Company”) (OTC: NSANY ) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Nissan announced on November 19, 2018, that the Company’s Representative Director and Chairman Carlos Ghosn and Representative Director Greg Kelly had, for a period of multiple years, underreported Ghosn’s income in Tokyo Stock Exchange securities reports in an effort to reduce the disclosed amount of Ghosn’s compensation. Nissan also admitted that Ghosn enjoyed personal use of company assets, amid other “significant acts of misconduct.” Based on this news, shares of Nissan fell nearly 6% on the same day.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall, or Sherin Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at firstname.lastname@example.org.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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View source version on businesswire.com:https://www.businesswire.com/news/home/20181119005960/en/
CONTACT: The Schall Law Firm
Brian Schall, Esq.
Sherin Mahdavian, Esq.
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL
SOURCE: The Schall Law Firm
Copyright Business Wire 2018.
PUB: 11/19/2018 10:29 PM/DISC: 11/19/2018 10:29 PM