Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Kobe Steel Ltd (OTCMKTS: KBSTY) violated securities laws in connection with certain financial statements.
The investigation seeks to discover if possible claims on behalf of purchasers of the securities of Kobe Steel Ltd (OTCMKTS: KBSTY) concerning whether a series of statements by Kobe Steel Ltd regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On October 8, 2017, Kobe Steel revealed that the Company "discovered that in its Aluminum & Copper Business, including group companies, a portion of the products traded with customers did not comply with the product specifications which were agreed between the Company and its customers." In addition, the Company stated that "data in inspection certificates had been improperly rewritten etc., and the products were shipped as having met the specifications concerned."
On this news, OTCMKTS: KBSTY dropped in value, causing investors harm.
Based in Kobe, Japan, and founded in 1905 Kobe Steel Ltd operates in the materials and machinery businesses in Japan and internationally.
If you purchased shares of Kobe Steel Ltd (OTCMKTS: KBSTY) on or before October 8, 2017, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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