NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of purchasers of the securities of Kobe Steel, Ltd. (OTCMKTS: KBSTY) resulting from allegations that Kobe Steel may have issued materially misleading business information to the investing public.
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.” On this news, shares of Kobe Steel fell $0.62 per share or over 10% to close at $5.30 per share on October 9, 2017.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Kobe Steel investors. If you purchased shares of Kobe Steel, please visit the firm’s website at http://www.rosenlegal.com/cases-1217.html for more information. You may also contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or kchan@rosenlegal.com.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm.
Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Since 2014, Rosen Law Firm has been ranked #2 in the nation by Institutional Shareholder Services for the number of securities class action settlements annually obtained for investors.
Attorney Advertising. Prior results do not guarantee a similar outcome.
