KBSTY EQUITY ALERT: The Law Offices of Vincent Wong Reminds Investors of a Class Action Involving Kobe Steel Ltd. and a Lead Plaintiff Deadline of February 26, 2018

NEW YORK, NY / ACCESSWIRE / February 20, 2018 / The Law Offices of Vincent Wong announce that a
class action lawsuit has been commenced in the United States District Court for
the Southern District of New York on behalf of investors who purchased Kobe
Steel Ltd. (“Kobe Steel”) (OTC PINK: KBSTY) securities between
May 29, 2013 and October 12,
2017.

Click here to learn about the case:
http://www.wongesq.com/pslra-sb/kobe-steel-ltd?wire=1.
There is no cost or obligation to you.

According to the complaint, throughout
the Class Period, the Company issued materially false and misleading statements
and/or failed to disclose that: (i) the Company falsified data on many of its
products sold to customers; (ii) the Company sold products that failed quality
control tests in violation of laws and regulations; (iii) the Company’s
financial performance relied on selling products that did not meet quality standards
in violation of laws and regulations; (iv) the Company would incur significant
costs and lose customers if customers became aware of the substandard quality
of products they purchased; (v) the Company’s compliance initiatives, corporate
governance and risk management activities were ineffective and inadequate at
preventing misconduct; (vi) the Company’s internal reporting systems failed to
foster employee participation and adequately address employee concerns, and
senior management hyper-emphasized profitability at all costs, thus promoting a
culture of corner-cutting and deterring employees from making claims over
product quality for fear of retribution and/or management failing to properly
investigate claims; and (vii) as a result of the foregoing, Kobe Steel’s shares
traded at artificially inflated prices during the Class Period, and class
members suffered significant losses and damages.

If you suffered a loss in Kobe Steel,
you have until February 26, 2018 to request that the
Court appoint you as lead plaintiff. Your ability to share in any recovery
doesn’t require that you serve as a lead plaintiff. To obtain additional
information, contact Vincent Wong, Esq. either via email vw@wongesq.com,
by telephone at 212.425.1140, or visit http://www.wongesq.com/pslra-sb/kobe-steel-ltd?wire=1.

Vincent Wong, Esq. is an experienced
attorney that has represented investors in securities litigations involving
financial fraud and violations of shareholder rights. Attorney advertising.
Prior results do not guarantee similar outcomes.

CONTACT:

Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
Fax. 866.699.3880
E-Mail: vw@wongesq.com

SOURCE:
The Law Offices of Vincent Wong

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