An investigation for investors in Kobe Steel, Ltd. (ADR) (OTCMKTS:KBSTY) shares over potential securities laws violations by Kobe Steel, Ltd. was announced.
San Diego, CA -- (SBWIRE) -- 10/31/2017 -- An investigation for investors of Kobe Steel, Ltd. (ADR) (OTCMKTS:KBSTY) shares over potential securities laws violations by Kobe Steel, Ltd. was announced.
Investors who purchased shares of Kobe Steel, Ltd. (ADR) (OTCMKTS:KBSTY) should contact the Shareholders Foundation at firstname.lastname@example.org or call 858-779-1554.
The investigation by a law firm focuses on 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 stated that it "has 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. Data in inspection certificates had been improperly rewritten etc., and the products were shipped as having met the specifications concerned."
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
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