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Press Release: CLASS ACTION UPDATE for NSANY and APHA: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders


NEW YORK, Jan. 10, 2019 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court and further details about the cases can be found at the links provided. There is no cost or obligation to you.
Nissan Motor Co., Ltd. (OTCMKTS: NSANY)
Class Period:
December 10, 2013 - November 16, 2018
Lead Plaintiff Deadline: February 8, 2019
Join the action: https://www.zlk.com/pslra-1/nissan-motor-co-ltd-loss-form?wire=3
The lawsuit alleges: Nissan Motor Co., Ltd. made materially false and/or misleading statements throughout the class period and/or failed to disclose that: (1) for more than a decade, Nissan had been materially understating its costs--and thus overstating profits--by paying a material portion of Ghosn’s executive compensation in the form of billions of Yen of deferred compensation that the Company was concealing from its public financial reports; (2) in so doing, Nissan was concealing from investors significant defects in its corporate governance; (3) Nissan’s overpayment of defendant Ghosn had caused it to exceed its shareholder-approved executive pay cap, thus threatening its continued stock listing; (4) Nissan lacked effective internal and reporting controls; and (5) as a result, defendants’ statements about Nissan’s business metrics, operations, and financial prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.To learn more about the Nissan Motor Co., Ltd. class action contact @levikorsinsky.com" rel="nofollow" target="_blank" title="">This email address is being protected from spambots. You need JavaScript enabled to view it..
Aphria Inc. (NYSE: APHA)
Class Period:
July 17, 2018 - December 4, 2018
Lead Plaintiff Deadline: February 4, 2019
Join the action: https://www.zlk.com/pslra-1/aphria-inc-loss-form?wire=3
The lawsuit alleges: Aphria Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) the Latin American assets acquired by the Company lacked adequate licenses to operate and were overvalued; (2) the acquisition of the Latin American assets would enrich the Company’s CEO and other insiders at the exp...


Posted: 2019-01-10 23:00:00

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