An investigation on behalf of investors of Nissan Motor Co Ltd (ADR) (OTCMKTS:NSANY) shares over potential securities laws violations by Nissan Motor Co Ltd and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Nissan Motor Co Ltd (ADR) (OTCMKTS:NSANY) concerning whether a series of statements by Nissan Motor Co Ltd regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Japan based Nissan Motor Co Ltd reported that its Total Revenue declined from over $10.72 billion for the 12 months period that ended on March 31, 2016 to over $10.31 billion for the 12 months period that ended on March 31, 2017 and that its Net Income for those time periods increased from over $4.6 billion to over $5.83 billion.


On October 19, 2017, Nissan Motor Co Ltd announced that the Company was suspending all production for the Japanese market after a third-party investigator reported that employees without proper authorization had conducted final inspections of vehicles produced at Nissans Japanese plants intended for the domestic market before they were shipped to dealers.

On October 20, 2017, Japanese national broadcaster NHK reported that an internal investigation at Nissan Motor Co Ltd had shown that the Company had failed to follow proper final inspection procedures required by Japans transport ministry for at least 20 years.

Shares of Nissan Motor Co Ltd (ADR) (OTCMKTS:NSANY) closed on October 31, 2017 at $19.44 per share.