NEW YORK, Oct. 12, 2017 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Kobe Steel, Ltd. ("Kobe Steel" or the "Company") (OTC: KBSTY).
On October 8, 2017, Kobe Steel announced that the Company "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." Furthermore, the Company stated that "[d]ata in inspection certificates had been improperly rewritten etc., and the products were shipped as having met the specifications concerned[.]"
As a result of this news, Kobe Steel's American depositary receipt ("ADR") price has significantly declined.
If you invested in Kobe Steel ADRs and would like to discuss your legal rights, click here: www.faruqilaw.com/KBSTY. There is no cost or obligation to you.
You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to firstname.lastname@example.org.
FARUQI & FARUQI, LLP
685 Third Avenue, 26th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
Telephone: (877) 247-4292 or (212) 983-9330
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