NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky announces it has commenced an investigation of Kobe Steel, Ltd. (“Kobe Steel” or the “Company”) (OTC MKTS: KBSTY) concerning possible violations of federal securities laws.
On October 8, 2017, Kobe Steel issued a press release acknowledging “improper conduct” affecting its Aluminum & Copper Business. Kobe Steel acknowledged that “a portion of the products traded with customers did not comply with the product specifications which were agreed between the Company and its customers.” The Company also stated it has been conducting an investigation into the improper conduct and whether said conduct exists in other business units. As a result of these concerns, the Company has also begun investigating “quality issues with its Chairman, President and CEO Hiroya Kawasaki…” To obtain additional information, go to:
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