LOS ANGELES--(BUSINESS WIRE)--Glancy Binkow & Goldberg LLP reminds investors of TCP International Holdings Ltd. (“TCP” or the “Company”) (NYSE: TCPI) who purchased the Company’s shares between June 26, 2014 and February 26, 2015, inclusive (the “Class Period”), that they have until May 1, 2015 to file a motion to be appointed as lead plaintiff in the shareholder lawsuit filed in the United States District Court for the Southern District of New York. Please contact Lesley Portnoy to discuss this matter.
The Complaint alleges that Defendants made materially false and/or misleading statements and/or failed to disclose: the Company was placing non-compliant products into the marketplace; the Company’s CEO, E. Yan, consistently overrode Company policies on matter such as capital expenditures, customer credit, new product development process, product design and safety certifications, the Company’s code of ethics and business conduct manual. On February 26, 2015, TCPI announced that claims were filed in Ohio state court against the Company, and E. Yan, by TCPI General Counsel and Chief Compliance Officer, Laura Hauser, alleging misconduct by the CEO. The complaint specifically alleged that, E. Yan’s conduct violated state and federal law, and created significant risk to shareholder value. On this news shares of TCPI declined $3.67 per share, over 56%, to close at $2.74 per share on February 27, 2015.
If you are a member of the Class described above, you may move the Court no later than May 1, 2015, to serve as lead plaintiff, if you meet certain legal requirements. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, at (310) 201-9150, by e-mail to email@example.com, or visit our website at http://www.glancylaw.com. If you inquire by email, please include your mailing address, telephone number and number of shares purchased.
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