An investigation on behalf of current long term investors in Tandy Leather Factory, Inc. (NASDAQ: TLF) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 03/26/2020 -- Certain directors of Tandy Leather Factory, Inc. are under investigation concerning potential breaches of fiduciary duties.
Investors who are investors in Tandy Leather Factory, Inc. (NASDAQ: TLF) shares, have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NASDAQ: TLF stocks follows a lawsuit filed against Tandy Leather Factory, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: TLF stocks, concerns whether certain Tandy Leather Factory directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that the Defendants failed to disclose to investors that certain costs of inventory had been improperly valued and expensed, that, as a result, the Company's financial results for certain periods were misstated, that the Company lacked effective internal control over financial reporting, that there was a material weakness in the Company's internal control over financial reporting, and that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.
Those who purchased shares of Tandy Leather Factory, Inc. (NASDAQ: TLF) have certain options and should contact the Shareholders Foundation.
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