KBSTY EQUITY ALERT: The Law Offices of Vincent Wong Reminds Investors of a Class Action Involving Kobe Steel
Ltd. and a Lead Plaintiff Deadline of February 26, 2018
The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the United States District Court for
the Southern District of New York on behalf of investors who purchased Kobe Steel Ltd. ("Kobe Steel") (OTCMKTS:KBSTY) securities
between May 29, 2013 and October 12, 2017.
Click here to learn about the case: http://www.wongesq.com/pslra-sb/kobe-steel-ltd?wire=2 . There is no cost or obligation to you.
According to the complaint, throughout the Class Period, the Company issued materially false and misleading statements and/or
failed to disclose that: (i) the Company falsified data on many of its products sold to customers; (ii) the Company sold products
that failed quality control tests in violation of laws and regulations; (iii) the Company’s financial performance relied on selling
products that did not meet quality standards in violation of laws and regulations; (iv) the Company would incur significant costs
and lose customers if customers became aware of the substandard quality of products they purchased; (v) the Company’s compliance
initiatives, corporate governance and risk management activities were ineffective and inadequate at preventing misconduct; (vi) the
Company’s internal reporting systems failed to foster employee participation and adequately address employee concerns, and senior
management hyper-emphasized profitability at all costs, thus promoting a culture of corner-cutting and deterring employees from
making claims over product quality for fear of retribution and/or management failing to properly investigate claims; and (vii) as a
result of the foregoing, Kobe Steel’s shares traded at artificially inflated prices during the Class Period, and class members
suffered significant losses and damages.
If you suffered a loss in Kobe Steel you have until February 26, 2018 to request that the Court appoint you as lead
plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. To obtain additional
information, contact Vincent Wong, Esq. either via email vw@wongesq.com, by
telephone at 212.425.1140, or visit http://www.wongesq.com/pslra-sb/kobe-steel-ltd?wire=2 .
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud
and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
Fax. 866.699.3880
E-Mail: vw@wongesq.com
Law Offices of Vincent Wong
Vincent Wong, Esq.
212.425.1140
vw@wongesq.com
View source version on businesswire.com: http://www.businesswire.com/news/home/20180116006448/en/