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Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of Nissan Motor Co., Ltd. Investors

Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors that purchased Nissan Motor Co., Ltd. (“Nissan” or the “Company”) (OTC: NSANY) securities between December 10, 2013 and November 16, 2018, inclusive (the “Class Period”). Nissan investors have until February 8, 2019 to file a lead plaintiff motion.

Investors suffering losses on their Nissan investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com.

The complaint filed in this class action alleges that during the Class Period, defendants made false and misleading statements and/or failed to disclose adverse information regarding Nissan’s business and financial condition. Specifically, Nissan has been materially understating its expenses – and overstating profits – by concealing half of the annual executive compensation it was obligated to pay its former Chief Executive Officer (“CEO”) and Chairman of its Board of Directors (“Board”), defendant Carlos Ghosn (“Ghosn”), in order to avoid shareholder scrutiny of Ghosn’s inordinately high executive compensation. Over the past decade, Nissan reported paying defendant Ghosn ¥1 billion per year in compensation. In truth, Nissan paid defendant Ghosn an additional ¥1 billion per year in the form of deferred compensation I.O.U.s, but failed to disclose these payments in the Company’s publicly filed financial reports. As a result, Nissan underreported defendant Ghosn’s true pay over the decade by an estimated ¥10 billion. The Company also concealed from investors the significant defects in its corporate governance and internal controls that facilitated this false financial reporting, and affirmatively failed to heed the express direction of its outside auditors dating back to at least 2013 to accurately report its executive compensation. Not only did the underreporting deceive Nissan’s investors, it violated the pay cap Nissan shareholders approved. As a result of defendants’ false statements and/or omissions, the price of Nissan ADRs was artificially inflated to more than $22 per share during the Class Period.

If you purchased shares of Nissan, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts:

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com

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