NEW YORK, July 30, 2015 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise acquired securities of Toshiba Corporation ("Toshiba") (OTC:TOSYY) (OTC:TOSBF) between May 8, 2012 and May 7, 2015.
You are hereby notified that a securities class action lawsuit has been commenced in the United States District Court for the Central District of California. If you purchased or otherwise acquired Toshiba shares between May 8, 2012 and May 7, 2015, your rights may be affected by this action. To get more information go to:
http://zlk.9nl.com/toshiba-corporation
or contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
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 projects. 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.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.