NEW YORK, Feb. 14, 2017 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Toshiba Corporation ("Toshiba" or the "Company") (OTCMKT: TOSYY). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/tosyy.
The investigation concerns whether Toshiba and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On February 14, 2017, Toshiba revealed a forecasted loss of $6.3 billion by its nuclear power unit and said it intends to sell all or part of its controlling stake in Westinghouse Electric Company. Simultaneously, Toshiba announced the resignation of Shigenori Shiga, the Company's chairman. Following this news, Toshiba shares have dropped as much as $0.47 per share, or 3.84%, to a low of $11.78 during intraday trading on February 14, 2017.
If you are aware of any facts relating to this investigation, or purchased shares of Toshiba, you can assist this investigation by visiting the firm's site: www.bgandg.com/tosyy. 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.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | firstname.lastname@example.org
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