NEW YORK--(BUSINESS WIRE)--The Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of investors of Toshiba Corporation (OTC: TOSYY) resulting from allegations that Toshiba may have issued materially misleading business information to the investing public.
On May 10, 2015, Barron’s Asia reported that Toshiba launched an accounting probe into its infrastructure business division and withdrew its 2014 earnings forecast. Previously, Toshiba’s accounting investigation focused on its power systems, social infrastructure and community solution units in Japan and overseas. The article also quotes a Toshiba spokesperson in saying that “[s]everal construction projects have understated costs[.]” On this news, shares of Toshiba fell $2.57 per share or over 12% to close at $18.33 per share May 11, 2015.
The Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Toshiba investors. If you purchased shares of Toshiba on or before May 8, 2015, please visit the firm’s website at http://rosenlegal.com/cases-627.html for more information. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via email at email@example.com or firstname.lastname@example.org.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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