San Diego, CA -- (SBWIRE) -- 03/04/2015 -- An investor, who purchased shares of TCP International Holdings Ltd (NYSE:TCPI), filed a lawsuit in the U.S. District Court for the Northern District of Ohio over alleged violations of Federal Securities Laws by TCP International Holdings Ltd in connection with the Company's initial public offering ("IPO") on or about June 26, 2014.

Investors who purchased shares of TCP International Holdings Ltd (NYSE:TCPI) have certain options and for certain investors are short and strict deadlines running. Deadline: May 1, 2015. NYSE:TCPI investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint the plaintiff alleges on behalf of purchasers of TCP International Holdings Ltd (NYSE:TCPI) common stock pursuant and/or traceable to the Company's IPO on or about June 26, 2014 and between June 26, 2014 through February 27, 2015, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that TCP International Holdings Ltd issued allegedly materially false and misleading statements to investors by failing to disclose the material deficiencies in the Company's disclosure controls and procedures and its internal control over financial reporting.

TCP International Holdings Ltd reported that its annual Total Revenue rose from $359.36 million in 2012 to $428.93 million in 2013 and that its Net loss of $6.20 million turned into a Net Income of $8.17 million in 2013. TCP International Holdings Ltd reported its first quarter Revenue rose from $90.29 million in 2013 to $101.12 million in 2014 and that its first quarter Net Income increased from $0.94 million in 2013 to $3.92 million in 2014.

On June 26, 2014, TCP International Holdings Ltd announced the pricing of its initial public offering of 7,142,858 common shares at a price to the public of $11.00 per share overnight.

On August 7, 2014, TCP International Holdings Ltd reported its second quarter 2014 financial results. Among other things, TCP International Holdings Ltd reported that its second quarter Revenue rose from $111.16 million in 2013 to $112.46 million in 2014 and that its second quarter Net Income declined from $4.55 million in 2013 to $1.95 million in 2014.

On November 6, 2014, TCP International Holdings Ltd reported its third quarter 2014 financial results. Among other things, TCP International Holdings Ltd reported that its third quarter Revenue increased from $113.02 million in 2013 to $122.87 million in 2014 and that its third quarter Net Income rose from $4.29 million in 2013 to $4.5 million in 2014.

On February 26, 2015, TCP International Holdings' General Counsel and Chief Compliance Officer Laura Hauser filed a lawsuit against TCP International Holdings Ltd., its subsidiary and its CEO, Ellis Yan, claiming that the Company's Audit Committee found, among other things, that Ellis Yan obscured financial information and accountability to the Company's CFO and that overrode and/or disregarded various internal policies.

On March 2, 2015, NYSE:TCPI shares declined to as low as $2.55 per share.

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