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Levi & Korsinsky announces it has commenced an investigation of Renault SA (OTCMKTS: RNLSY) concerning possible violations of federal securities laws.
On November 19, 2018, The Wall Street Journal reported that Nissan’s Chairman, Carlos Ghosn, had been arrested “on financial charges, and Nissan said it intended to oust him from his post after uncovering significant misconduct.” Ghosn is also chief executive of Renault, which owns 43% of Nissan. Following this news, Renault stock fell more than 7% on intraday trading on November 19, 2018.