SAN DIEGO, Nov. 17, 2015 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a deadline is coming up on January 11, 2015 for certain investors to get actively involved in the lawsuit that was filed in New York on behalf of certain purchasers of shares of TCP International Holdings Ltd (NYSE:TCPI) over alleged Securities Laws Violations by TCP International Holdings Ltd.
The plaintiff seeks to recover damages on behalf of all purchasers of TCP International Holdings Ltd (NYSE:TCPI) stock between May 8, 2015 and November 5, 2015.
Investors who have losses in excess of $100,000 from their investment between May 8, 2015 and November 5, 2015 in shares of TCP International Holdings Ltd (NYSE:TCPI) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The plaintiff claims that defendants made allegedly false and/or misleading statements and/or allegedly failed to disclose that TCP International Holdings’ Chairman Ellis Yan had made improper payments with his personal funds relating to TCP International Holdings’ business, that improper relationships existed between Ellis Yan and the Company’s Vice-Chairman, Zhaoling Yan, and certain vendors, and that as a result of the foregoing, Defendants’ statements about TCP International Holdings’ business, operations, and prospects were false and misleading and/or lacked a reasonable basis.
On November 5, 2015, TCP International Holdings Ltd announced that it will delay the release of its third quarter financial results due to a pending Audit Committee investigation. TCP International Holdings also announced that it does not anticipate filing its third quarter Form 10-Q by the extended due date of November 23, 2015.
Those who have losses in excess of $100,000 from their investment in (NYSE:TCPI) shares between May 8, 2015 and November 5, 2015 should contact the Shareholders Foundation, Inc. by e-mail at mail@shareholdersfoundation.com or call +1 (858) 779-1554.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.