NEW YORK--(BUSINESS WIRE)--The Rosen Law Firm, P.A., a global investor rights firm, announces it is investigating potential civil securities claims against TCP International Holdings Ltd. (NYSE:TCPI) resulting from allegations that the Company may have issued materially inaccurate statements about the Company’s true financial condition and prospects.
On February 27, 2015, TCP announced that claims were filed in an Ohio court by a Company executive asserting corporate misconduct by the Company and its CEO Ellis Yan. According to the copy of the Ohio suit obtained by The Rosen Law Firm, the suit is filed by Laura Hauser, the Company’s General Counsel and Chief Compliance Officer, claiming that the Company and its CEO violated federal law, including the Sarbanes-Oxley Act of 2002. This adverse news caused to Company’s stock to fall over 50% in intraday trading on February 27, 2015.
The Rosen Law Firm is preparing a securities class action lawsuit on behalf of TCP International investors. If you purchased TCP stock prior to February 27, 2015 please visit the website at http://www.rosenlegal.com/cases-525.html to join the class action. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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