NEW YORK--(BUSINESS WIRE)--Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Mitsubishi Motors Corporation (“Mitsubishi Motors” or the “Company”) (OTCMKTS:MMTOF).
The investigation focuses on whether the Company and its executives violated federal securities laws by failing to disclose that the Company manipulated mileage test data for minicars sold in Japan, resulting in 625,000 vehicles produced in the past three years being falsely labeled as more fuel efficient.
Specifically, on April 20, 2016, the Company announced that it “conducted testing improperly to present better fuel consumption rates than the actual rates; and that the testing method was also different from the one required by Japanese law.”
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If you invested in Mitsubishi Motors stock or options and would like to discuss your legal rights, visit www.faruqilaw.com/MMTOF. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to firstname.lastname@example.org. Faruqi & Faruqi, LLP also encourages anyone with information regarding Mitsubishi Motors’ conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
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