NEW YORK, Feb. 16, 2016 -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise acquired securities of Third Avenue Focused Credit Institutional Fund & Investor Fund (“Third Avenue”) (Nasdaq:TFCIX) (Nasdaq:TFCVX) between March 1, 2013 and December 10, 2015.
You are hereby notified that a securities class action lawsuit has been commenced in the USDC for the Central District of California, Western Division. If you purchased or otherwise acquired Third Avenue between March 1, 2013 and December 10, 2015, your rights may be affected by this action. To get more information go to: http://zlk.9nl.com/third-avenue.
The complaint alleges that, in violation of the Securities Act of 1933, Third Avenue’s prospectuses and registration statements contained material false and/or misleading statements regarding the Fund’s liquidity. In particular, the complaint alleges that Third Avenue Focused Credit Fund promised investors that it would place no more than 15% of its assets in illiquid securities, securities that could not be sold promptly at or near its carrying value. An analysis of the Fund’s holdings in 2013, 2014, and 2015 has revealed that the Fund consistently held more than 15% of its net assets in illiquid securities. The Fund’s excessive illiquidity meant that it could not promptly sell assets to meet growing redemptions without unloading them at fire sale prices, leading it to suspend redemptions and shut down the Fund on December 10, 2015.
If you suffered a loss in Third Avenue you have until March 29, 2016 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/third-avenue.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation involving financial fraud, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.com


Cerebras Revenue Forecast Tops Expectations, but Margin Concerns Weigh on Stock
SpaceX Stock Plunges 16% as KeyBanc Warns Valuation May Be Overstretched
Qualcomm Nears $4 Billion Acquisition of AI Chip Startup Modular
Nissan Halts Electric Qashqai Development Amid EV Market Challenges
FedEx Stock Drops After Weak 2026 Earnings Forecast Despite Strong Q4 Results
DOJ Opens Investigation Into NYC Coffee Shop Over Anti-Goldman Social Media Post
Samsung Electronics Stock Surges on Report of Massive $59 Billion Share Buyback Plan
JPMorgan Sees Strong Strategic Value in Potential AbbVie Acquisition of Apogee Therapeutics
Heineken Names JDE Peet’s CEO Rafael Oliveira as New Chief Executive
Tesla and NatPower Partner on $5 Billion Battery Storage Expansion in Europe
NTSB Investigates Boston Logan Airport Near-Miss Between Delta and American Airlines Jets
WiseTech Global Denies Knowledge of Investigation Into Founder Richard White
Trump’s Quantum Push Lifts IBM Stock as CEO Arvind Krishna Receives White House Praise
Tencent Reviews Marvelous Stake as Gaming Giant Reassesses Global Investment Strategy
California Drivers Sue BP, Walmart, 7-Eleven Over Alleged AI Gas Price Fixing
SpaceX Stock Rebounds After Sharp Selloff, But Valuation Concerns Persist
KPMG Australia Chairman and Senior Partners Exit Amid Escalating Whistleblower Scandal 



