BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of investors of Mitsubishi Motors Corp. ("Mitsubishi" or the "Company") (OTC: MMTOF) concerning the Company and its officers’ possible violations of federal securities laws. Law Offices of Howard G. Smith is preparing a lawsuit on behalf of injured investors.
Mitsubishi develops and manufactures passenger cars and auto parts. On April 20, 2016, the Company disclosed that it had cheated on fuel-economy tests for a car produced in Japan to make the cars appear more fuel efficient. The Company’s President admitted that the cheating affected 620,000 cars sold from 2013 through the present. The Company further admitted that the fuel economy cheat may extend to more vehicles to improve the appearance of fuel efficiency.
On this news, shares of Mitsubishi fell over 12% in intra-day trading on April 20, 2016.
If you purchased Mitsubishi securities, 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 http://www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.