We Give Shareholders a Voice
Levi & Korsinsky announces the filing of a class action lawsuit in the United States District Court for the Central District of California on behalf of shareholders of Toshiba Corporation (“Toshiba “) (OTC: TOSYY & TOSBF) who purchased shares between May 8, 2012 and May 7, 2015.
The complaint alleges that Toshiba misled investors regarding the total amounts of costs for certain infrastructure projects, thereby manipulating the profits and losses for these projects, as well as misleading investors regarding the timing in which such contract losses and provisions for contract losses were recorded. On May 8, 2015, the Company announced it is withdrawing its earnings forecasts and will not pay a year-end dividend after finding improper accounting on infrastructure pojects. The Company announced that an independent committee has been formed to investigate the accounting problems. If you suffered a loss in Toshiba you have until August 3, 2015 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.
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