Toyota Plaintiffs Add Counts Under Japanese Securities Law

By Jack Simony

Toyota shareholders filed a consolidated complaint using Japanese securities laws against the company and several of its officers and directors claiming the company issued misleading and false statements in conference calls with investors, The National Law Journal reported.

The complaint was filed in federal court in Los Angles on Tuesday.

The new complaint can expand the shareholders class beyond what a U.S. courts already ruled.

– By Jack Simony

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About Jack Simony

Jack Simony is a hedge fund portfolio manager from New York City. More information and a full biography can be found by visiting http://www.jacksimony.org.
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