LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Renault SA (“Renault” or “the Company”) (OTC: RNLSY) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. The Wall Street Journal reported on November 19, 2018, that Renault’s Chief Executive Officer and Nissan’s Chairman, Carlos Ghosn, had been arrested in Japan on financial misconduct charges. According to the article, Nissan planned to oust Ghosn after uncovering serious financial misconduct that personally benefited him. Renault holds a 43% stake in Nissan. Based on this report, Renault fell about 7% on the same day.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
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