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SAN DIEGO, July 9, 2021 /PRNewswire/ Shareholder Rights Law Firm Johnson Fistel, LLP, is investigating potential claims against Mitsubishi Electric Corporation ( Mitsubishi Electric or the Company ) (OTC: MIELY) for violations of federal securities laws.
On June 30, 2021,
The Asahi Shimbun, published an article entitled Mitsubishi Electric faked train test data likely for decades. The report stated that Mitsubishi Electric Corp. is feeling the heat after admitting that it has faked testing data when supplying train companies with air conditioning equipment apparently for more than 30 years. The tests were intended to uncover waterproofing and voltage problems that might lead to overheating of the air conditioning equipment and even fires. Among the functions that the railway companies wanted to be checked were air conditioning capability, fuel efficiency, the level of waterproofing, and the shelf life of the equipment. Following thi
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