An investigation on behalf of current long term investors in TCP International Holdings Ltd (NYSE:TCPI) shares over possible breaches of fiduciary duty by certain officers and directors was announced and NYSE:TCPI stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 04/21/2015 -- An investigation on behalf of current long-term investors in shares of TCP International Holdings Ltd (NYSE:TCPI) concerning potential breaches of fiduciary duties by certain directors and officers of TCP International Holdings Ltd was announced.
Investors who are current long term investors in TCP International Holdings Ltd (NYSE:TCPI) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NYSE:TCPI stocks follows a lawsuit filed recently against TCP International Holdings Ltd over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE:TCPI stocks, concerns whether certain TCP International Holdings officers and directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Northern District of Ohio the plaintiff alleges that TCP International Holdings Ltd issued allegedly certain 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.
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 April 17, 2015, NYSE:TCPI shares declined to as low as $4.03 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