An investor, who purchased shares of Kobe Steel, Ltd. (ADR, filed a lawsuit in the U.S. against Kobe Steel, Ltd over alleged Securities Laws violations.
Investors who purchased shares of Kobe Steel, Ltd. (ADR) (OTCMKTS:KBSTY) have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 – 1554.
The plaintiff claims that between May 29, 2013 and October 12, 2017, the Kobe Steel repeatedly misrepresented the quality of its products and the integrity of its operations by emphasizing that it offers “excellent products and services” with “special attention to product safety” as it has “an organizational culture that is highly sensitive to compliance issues.” The plaintiff claims that the Defendants’ statements pertaining to Kobe Steel’s products and performance of its operations were materially false and misleading because the company had intentionally falsified data on many of its aluminum, copper, iron and steel products, and knowingly sold products that failed quality control tests.
Those who purchased shares of Kobe Steel, Ltd. (ADR) (OTCMKTS:KBSTY) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego