SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Kobe Steel Ltd. (KBSTY)
NEW YORK, Oct. 11, 2017 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Kobe Steel, Ltd. ("Kobe" or the "Company") (OTC: KBSTY). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/kbsty.
The investigation concerns whether Kobe Steel and certain of its officers and/or directors have violated federal securities laws.
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." Following 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 and then on October 10, 2017, shares fell another $1.30 or 24.5% to close at $4.00
If you are aware of any facts relating to this investigation, or purchased Kobe Steel shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/kbsty. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]
SOURCE Bronstein, Gewirtz & Grossman, LLC
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