Thieler Law Corp advises investors with losses exceeding $100,000 of the February 8, 2019 lead plaintiff deadline in a class action lawsuit filed against Nissan Motor Co. Ltd (OTC: NSANY) (“Nissan” or “the Company”). The suit is pending in the U.S. District Court for the Middle District of Tennessee and investors, who purchased Nissan Motor Co. Ltd securities between December 10, 2013 and November 16, 2018, have until February 8, 2019 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Nissan Motor Co. Ltd securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that for more than a decade, Nissan had been materially understating its costs--and thus overstating profits--by paying a material portion of Ghosn’s executive compensation in the form of billions of Yen of deferred compensation that the Company was concealing from its public financial reports; in so doing, Nissan was concealing from investors significant defects in its corporate governance; Nissan’s overpayment of defendant Ghosn had caused it to exceed its shareholder-approved executive pay cap, thus threatening its continued stock listing; Nissan lacked effective internal and reporting controls; and as a result, defendants’ statements about Nissan’s business metrics, operations, and financial prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

On November 19, 2018, Nissan revealed 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. The Company revealed that Ghosn enjoyed personal use of company assets, amid other “significant acts of misconduct.”

Following this news, OTC: NSANY fell nearly 6% on November 19, 2018.

If you were negatively impacted by your investment in Nissan Motor Co. Ltd securities between December 10, 2013 and November 16, 2018  and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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