San Diego, CA -- (SBWire) -- 02/26/2018 --A deadline is coming up on March 5, 2018 in the settlement reached in the securities class action lawsuit filed on behalf of investors who purchased shares of TCP International Holdings Ltd (NYSE: TCPI) between May 9, 2015 and November 5, 2015.
Investors who purchased a significant amount of shares of TCP International Holdings Ltd (NYSE: TCPI) between May 9, 2015 and November 5, 2015, have certain options and should contact the Shareholders Foundation by email at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The settlement proof of claim form or detailed settlement notice for the settlement in the TCP International Holdings Ltd (NYSE: TCPI) Investor Securities Class Action Lawsuit can be downloaded at: http://shareholdersfoundation.com/case/tcp-international-holdings-ltd-nyse-tcpi-investor-securities-class-action-lawsuit-11112015
In order to submit a claim an investor has to submit the claim proof to the class action claim administrator in a timely manner. The deadline to submit the proof with the class administrator is March 5, 2018. The class action administrator for this case is Strategic Claims Services.
The lawsuit was originally filed in the U.S. District Court for the Southern District of New York over alleged violations of Federal Securities Laws by TCP International Holdings Ltd in connection with certain allegedly false and misleading statements made between May 8, 2015 and November 5, 2015. According to the complaint the plaintiff alleges on behalf of purchasers of TCP International Holdings Ltd (NYSE: TCPI) common shares between May 8, 2015 and November 5, 2015, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between May 8, 2015 and November 5, 2015 defendants made allegedly false and/or misleading statements and/or allegedly failed to disclose that TCP International Holdings Ltd's Chairman, defendant Ellis Yan ("Yan"), had made improper payments with his personal funds relating to TCP International Holdings Ltd's business, that improper relationships existed between 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 Ltd's business, operations, and prospects were false and misleading and/or lacked a reasonable basis.
Those who purchased shares of TCP International Holdings Ltd (NYSE: TCPI) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
Deadline Upcoming in $1.1 Million Settlement in the TCP International Holdings Ltd (NYSE: TCPI) Investor Lawsuit
A settlement was reached with the defendants in the lawsuit filed on behalf of certain investors of TCP International Holdings Ltd (NYSE: TCPI) over alleged securities laws violations and a deadline to submit the settlement claim is upcoming on March 5, 2018 and NYSE: TCPI investors should contact the Shareholders Foundation.