TCP SHAREHOLDER ALERT: National Securities Law Firm Announces the Filing of a Lawsuit to Recover Losses for Shareholders. Encourages Investors With Losses to Contact Law Firm for More Information — TCPI
March 3, 2015
New York, New York
Tripp Levy PLLC, a leading national securities law firm, announced that a class action has been commenced in the United States District Court for the Northern District of Ohio on behalf of purchasers of TCP International Holdings Ltd. (“TCP”) (NYSE:TCPI) stock in and/or traceable to the initial public offering (“IPO”) on or about June 26, 2014.
The complaint alleges that the Registration Statement issued in connection with the IPO included information that was false. Specifically, the Registration Statement negligently contained statements that falsely described the Company’s operations and business, including false statements concerning the Company’s important Underwriters Laboratory (“UL”) and Energy Star approvals, compliance, and qualifications. In addition, the Registration Statement failed to disclose certain material events known to defendants that caused the information reported in the Registration Statement and other public statements not to be indicative of TCP’s actual operations.
In addition, it was announced that the Company’s General Counsel and Chief Compliance Officer filed a lawsuit against the Company alleging, among other things, that the Company’s CEO obscured financial information and accountability to the Company’s CFO, and overrode and/or disregarded various internal policies.
On February 27, 2015, TCP shares closed at $3.02 per share, or approximately 75% less than the IPO price.
If you purchased shares in and/or traceable to the June 26, 2014 IPO of TCP, and/or purchased shares of the Company between June 26, 2014 through February 27, 2015, and have suffered a loss from your investment and would like to learn more about this investigation, please contact us toll free at 1-800-511-7037 or contact us via our website.
Tripp Levy PLLC represents individual and institutional shareholders in mergers and acquisitions transactions and, along with its affiliate, has recovered billions of dollars for shareholders in securities actions around the globe. Tripp Levy PLLC is affiliated with the law firm Milberg LLP. The National Law Journal has named Milberg one of the “50 Elite Trial Lawyer Firms” and one of the “50 Leading Plaintiff Firms in America.” Attorney advertising. Prior results do not indicate a similar outcome.