Bragar Eagel & Squire, P.C. Litigation Partner Brandon Walker Encourages Investors Who Suffered Losses In Nidec (NJDCY) To Contact Him Directly To Discuss Their Options
If you purchased or acquired stock in Nidec and would like to discuss your legal rights, call Bragar Eagel & Squire partner Brandon Walker or Marion Passmore directly at (212) 355-4648.
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NEW YORK, Nov. 03, 2025 (GLOBE NEWSWIRE) --
What’s Happening:
- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Nidec Corporation (“Nidec” or the “Company”) (OTCMKTS:NJDCY) on behalf of Nidec stockholders. Our investigation concerns whether Nidec has violated the federal securities laws and/or engaged in other unlawful business practices.
Investigation Details:
- On September 3, 2025, Nidec disclosed that it had established a third-party committee to investigate suspicions of improper accounting. The Company further revealed that its "investigations found multiple documents suggesting that . . . the Company and its group companies could have engaged in improper accounting with the involvement or knowledge of its or their management[.]"
- On this news, Nidec's American Depositary Receipt ("ADR") price fell $0.81 per ADR, or 16.5%, to close at $4.11 per ADR on September 4, 2025.
- Then, on September 26, 2025, Nidec disclosed further investigative findings of additional suspected inappropriate accounting practices, including "cases where the reported value for customs purposes was declared to be lower than the appropriate amount without legitimate reason." Nidec also revealed that it "received an audit report containing a disclaimer of opinion" from its auditor due to the "ongoing investigations by the third-party committee, other internal investigations, and other action[s]."
- On this news, Nidec's ADR price fell $0.29 per share, or 6.6%, to close at $4.09 per ADR on September 26, 2025.
- On October 23, 2025, Nidec published a press release 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."
- On this news, Nidec's ADR price fell $1.17 per ADR, or 25.4%, to close at $3.43 per ADR on October 23, 2025.
- Finally, 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 [Nidec] is highly necessary." The alert noted that "since 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."
- On this news, Nidec's ADR price fell $0.80 per ADR, or 20.3%, to close at $3.15 per ADR on October 27, 2025.
Next Steps:
- If you purchased or otherwise acquired Nidec shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Marion Passmore by email at investigations@bespc.com, by telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, South Carolina, and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
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Contact Information:
Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Marion Passmore, Esq.
(212) 355-4648
investigations@bespc.com
www.bespc.com
