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Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Nissan Motor Co Ltd (OTC: NSANY) 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 Nissan Motor Co, Ltd (OTC: NSANY) concerning whether a series of statements by Nissan Motor Co, Ltd regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
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.
Based in Yokohama, Japan, and founded in 1933 Nissan Motor Co, Ltd manufactures and sells vehicles and automotive parts worldwide.
If you purchased shares of Nissan Motor Co, Ltd (OTC: NSANY) on or before November 19, 2018, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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