Thieler Law Corp advises investors with losses exceeding $100,000 of the August 3, 2015 lead plaintiff deadline in a class action lawsuit filed Toshiba Corporation (USA) (OTCMKTS: TOSYY, OTCMKTS: TOSBF) (“Toshiba” or “the Company”). The suit is pending in the U.S. District Court for the Central District of California and investors, who purchased Toshiba American Depositary Shares between May 8, 2012 and May 7, 2015, have until August 3, 2015 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Toshiba American Depositary Shares during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 866-6157 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 certain infrastructure project contract costs were underestimated, that there was improper and untimely reporting with these contract losses and provisions for contract losses, and that as a result of the lack of these disclosures, Toshiba’s public statements were materially false and misleading at all relevant times. When the facts of these failed disclosures entered the market, the lawsuit claims that investors suffered damages.

Toshiba American Depositary Shares traded in 2013 as high as $32.91 per share. Toshiba Corp reported that its Total Revenue rose from over $45.89 billion for the 12 months period that ended on March 31, 2013 to over $52.1 billion for the 12 months period that ended on March 31, 2014 and that its respective Net Income declined from $619.96 million to $407.28 million.

Then on May 8, 2015, Toshiba announced in three separate announcements that it established an independent investigation committee, that it revised its previous forecast for the full year business results of the company for its FY 2014, and that it decided not to pay a dividend with respect to the record date of March 31, 2015. Toshiba American Depositary Shares dropped on May 11, 2015 to as low as $16.90 per share.

If you were negatively impacted by your investment in Toshiba American Depositary Shares between May 8, 2012 and May 7, 2015, 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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