A settlement was reached with the defendants in the lawsuit filed on behalf of certain investors of Tile Shop Holdings Inc (NASDAQ:TTS) over alleged securities laws violations and a deadline to submit the settlement claim is upcoming on May 3, 2017 and NASDAQ:TTS investors should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 04/27/2017 -- The Shareholders Foundation announces that a deadline is coming up on May 3, 2017 in the settlement reached in the securities class action lawsuit filed on behalf of investors who purchased shares of Tile Shop Holdings Inc (NASDAQ:TTS) between August 22, 2012 and January 28, 2014.
Investors who purchased a significant amount of shares of Tile Shop Holdings Inc (NASDAQ:TTS) between August 22, 2012 and January 28, 2014, have certain options and should contact the Shareholders Foundation by email at firstname.lastname@example.org or call 858-779-1554.
The settlement proof of claim form or detailed settlement notice for the settlement in the Tile Shop Holdings Inc (NASDAQ:TTS) Investor Securities Class Action Lawsuit can be downloaded at: http://shareholdersfoundation.com/case/tile-shop-holdings-inc-nasdaq-tts-investor-securities-class-action-lawsuit-11152013
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 May 3, 2017. The class action administrator for this case is Gilardi & Co LLC.
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 Tile Shop Holdings Inc in connection with certain allegedly false and misleading statements made between August 22, 2012 and November 13, 2013. According to the complaint the plaintiff alleges on behalf of all persons or entities who purchased or otherwise acquired Tile Shop Holdings Inc (NASDAQ:TTS) between August 22, 2012 and November 13, 2013, that Tile Shop Holdings Inc and certain of its officers and directors violated the Securities Exchange Act of 1934. More specifically, the plaintiff alleges Tile Shop Holdings Inc failed to disclose that one of its largest suppliers, Beijing Pingxiu ("BP"), is an undisclosed related company secretly controlled by Fumitake Nishi, the brother-in-law of the Company's CEO and a Tile Shop Holdings Inc employee.
Those who purchased shares of Tile Shop Holdings Inc (NASDAQ: TTS) have certain options and should contact the Shareholders Foundation.
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