PHILADELPHIA, Nov. 19, 2018 (GLOBE NEWSWIRE) -- Kehoe Law Firm, P.C. is investigating potential claims on behalf of investors of Nissan Motor Co., Ltd.  (“Nissan”) (OTC: NSANY). 

To discuss your legal options, Nissan investors are encouraged to contact John Kehoe, Esq., (215) 792-6676, Ext. 801, jkehoe@kehoelawfirm.com, info@kehoelawfirm.com.   

On November 19, 2018, various media outlets began reporting that Nissan’s Chairman, Carlos Ghosn, had been arrested by Japanese authorities for violations of Japanese financial law.  Nissan also issued a press release stating that Nissan "has been conducting an internal investigation over the past several months regarding misconduct involving the company's Representative Director and Chairman Carlos Ghosn and Representative Director Greg Kelly," which revealed "that over many years both Ghosn and Kelly have been reporting compensation amounts in the Tokyo Stock Exchange securities report that were less than the actual amount, in order to reduce the disclosed amount of Carlos Ghosn's compensation." 

Nissan further stated that numerous other “significant acts” of misconduct by Ghosn have been uncovered, such as personal use of company assets, and “Kelly's deep involvement has also been confirmed." 

Following this news, Nissan's American Depositary Receipt price fell sharply during intraday trading on November 19, 2018.

If you have questions or concerns about this investigation or your potential legal rights, please contact John Kehoe, Esq., jkehoe@kehoelawfirm.com,  (215) 792-6676, Ext. 801, jkehoe@kehoelawfirm.com, info@kehoelawfirm.com.

Kehoe Law Firm, P.C. is a multidisciplinary, plaintiff–side law firm dedicated to protecting investors and consumers from corporate fraud, negligence, and other wrongdoing. Driven by a strong and principled sense of social responsibility and obtaining justice for the aggrieved, we represent plaintiffs seeking to recover investment losses resulting from corporate wrongdoing or malfeasance, those harmed by anticompetitive practices, and consumers victimized by fraud, false claims, deception or data breaches.

SOURCE: Kehoe Law Firm, P.C.