LOS ANGELES--(BUSINESS WIRE)--Lundin Law PC announces that a class action lawsuit has been filed against Third Avenue Focused Credit Institutional Fund (TFCIX) and Third Avenue Focused Credit Investor Fund (TFCVX) (“Third Avenue” or the “Company”). Investors who purchased or otherwise acquired shares between March 1, 2013 and December 10, 2015, (the “Class Period”), are encouraged to contact the firm before the March 29, 2016, lead plaintiff motion deadline.
According to the complaint, the Company made false and/or misleading statements and/or failed to disclose that Third Avenue told investors that it would place no more than 15% of its assets in illiquid securities. However, the Company consistently held more than 15% of its net assets in illiquid securities.
No class has been certified in the above action. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.
Lundin Law PC was created by Brian Lundin, a securities litigator based in Los Angeles.
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