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NEW YORK, Jan. 07, 2016 (GLOBE NEWSWIRE) -- The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the Southern District of New York on behalf of investors who purchased TCP International Holdings Ltd. (NYSE:TCPI) securities between May 8, 2015 and November 5, 2015.
Click here to learn about the case: http://docs.wongesq.com/TCPI-Info-Request-Form-659. There is no cost or obligation to you.
The complaint alleges that defendants failed to disclose during the Class Period that TCP’s Chairman Ellis Yan had made improper payments with his personal funds relating to TCP’s business and that improper relationships existed between Yan and the Company’s Vice-Chairman, Zhaoling Yan, and certain vendors.
On November 5, 2015, TCP announced that it would delay the release of the Company’s third-quarter financial results due to a pending investigation by the Audit Committee of TCP’s Board of Directors concerning the scope and propriety of payments made by its Chairman with his personal funds relating to TCP’s business, and whether relationships exist between Yan and Zhaoling Yan and certain vendors.
If you suffered a loss in TCP you have until January 11, 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 Vincent Wong, Esq. either via email [email protected], by telephone at 212.425.1140, or visit http://docs.wongesq.com/TCPI-Info-Request-Form-659.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Vincent Wong, Esq. 39 East Broadway Suite 304 New York, NY 10002 Tel. 212.425.1140 Fax. 866.699.3880 E-Mail: [email protected]
