World News: 21:05 GMT Thursday 6th December 2018. [Schall Law via Globe Newswire via SPi World News]
LOS ANGELES, Dec. 06, 2018 (GLOBE NEWSWIRE) -- , 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: ) 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, .
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 , or by email at .
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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The Schall Law Firm Brian Schall, Esq. Sherin Mahdavian, Esq. 310-301-3335
Globe Newswire: 21:05 GMT Thursday 6th December 2018
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