Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Renault SA (OTC: RNLSY) 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 Renault SA (OTC: RNLSY) concerning whether a series of statements by Renault SA regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On November 19, 2018, a report published by the Wall Street Journal revealed that Renault’s Chief Executive Officer and Nissan’s Chairman, Carlos Ghosn, were arrested on financial charges. According to the article, Nissan planned to remove Ghosn from his position after discovering significant misconduct. Renault holds a 43% stake in Nissan.
On this news, OTC: RNLSY fell $1.04 per share or roughly 7% to close at $13.67 on November 19, 2018.
Based in Boulogne-Billancourt, France, and founded in 1898 Renault SA designs, manufactures, sells, and distributes vehicles worldwide.
If you purchased shares of Renault SA (OTC: RNLSY) 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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