Nidec Corporation Class Action Lawsuit - NJDCY

The filed complaint alleges that Nidec Corporation made materially false and/or misleading statements and/or failed to disclose that: Nidec published a press release on October 23, 2025, announcing that it was withdrawing its year end forecast, and had decided not to pay a surplus dividend as “investigations by the Third Party Committee regarding suspected inappropriate accounting practices involving the Company and its group, as well as other internal investigations, are ongoing.” Then, on October 27, 2025, the Tokyo Stock Exchange (“TSE”) designated Nidec under a Special Security alert in part because “TSE deems that the improvement of the internal management system of said listed company is highly necessary.” The alert noted that “[s]ince the initial issue was discovered, the scope of the investigation has continued to expand” and that “deficiencies have already been identified in the Company’s company-wide internal control systems (particularly in areas related to information and communication), as well as in the internal controls related to its accounting and financial closing processes.” Following this news, Nidec’s stock price fell over 20% on October 27, 2025.

In order to be eligible to join the NJDCY class action lawsuit, you must have incurred a loss on shares of Nidec Corporation purchased during the class period listed above.