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Kobe Steel, Ltd.

Company Name Kobe Steel, Ltd.
Stock Symbol KBSTY
Status 1

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If you suffered a loss on your Kobe Steel, Ltd. investments or would like to inquire about joining an action to recover your loss under the federal securities laws, please complete the form below. Please note that submission of this form does not by itself form an attorney-client relationship nor does filling out this form mean you have joined any lawsuit.

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Background

On October 8, 2017, Kobe Steel issued a press release acknowledging “improper conduct” affecting its Aluminum & Copper Business. Kobe Steel recognized 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.

On this news, shares of Kobe Steel securities fell significantly in value, thereby injuring investors. 

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