Block & Leviton LLP Investigates Kobe Steel, Ltd. (KBSTY) Following The Company's Admission That It Falsified Product Quality Data; Encourages ADR Purchasers To Contact The Firm

BOSTON, Oct. 10, 2017 /PRNewswire/ -- Block & Leviton LLP (www.blockesq.com), a securities litigation firm representing investors nationwide, is investigating whether Kobe Steel, Ltd. ("Kobe" or the "Company") (OTC: KBSTY) and certain of its officers and directors violated federal securities laws, and encourages over-the-counter American Depository Receipt ("ADR") purchasers to contact the firm.

On October 8, 2017, Kobe issued a press release entitled "Improper conduct concerning a portion of the aluminum and copper products manufactured by Kobe Steel," in which the Company admitted that it had "improperly rewritten" the data inspection certificates for thousands of tons of its copper and aluminum shipped to its customers, which include Toyota Motor Corp. and Honda Motor Co., among others. 

On this news, the Company's stock fell nearly 8% on October 9, 2017. On October 10, the Company's stock plunged nearly another 25%, and continues to fall, causing hundreds of millions in losses to investors.

If you purchased or otherwise acquired Kobe ADR's and have questions about your legal rights or possess information relevant to this investigation, you are encouraged to contact attorney Bradley Vettraino at (617) 398-5600, by email at bradley@blockesq.com, or by visiting www.blockesq.com/kobe.   

Confidentiality to whistleblowers or others with information relevant to this investigation is assured.

Block & Leviton LLP is a Boston-based law firm representing investors nationwide. The firm's lawyers have collectively been prosecuting securities cases on behalf of individual and institutional investors for over 50 years, and have recovered billions of dollars on their behalf. Block & Leviton's investigations into corporate wrongdoing were recently covered by the New York Times.

This notice may constitute attorney advertising.

CONTACT:

Block & Leviton LLP
Bradley J. Vettraino
155 Federal Street, Suite 400
Boston, MA 02110
(617) 398-5600
bradley@blockesq.com

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SOURCE Block & Leviton LLP