BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that it is investigating potential claims on behalf of investors of TCP International Holdings Ltd. (“TCP” or the “Company”) (NYSE: TCPI) concerning the Company’s and its officers’ possible violations of federal securities laws.
On November 5, 2015, TCP announced that it did not anticipate that it would file its third quarter Form 10-Q by the extended due date of November 23, 2015. The Company also announced that the Audit Committee of TCP’s Board of Directors was conducting an internal investigation concerning payments made by its Chairman with his personal funds relating to TCP’s business, and whether relationships exist between its Chairman and Vice-Chairman and certain vendors.
On this news, TCP shares fell $1.20, or 54%, to close at $1.02 per share on November 6, 2015, thereby injuring investors.
If you purchased TCP securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at 215-638-4847, toll-free at 888-638-4847, or by email to email@example.com, or visit our website at http://www.howardsmithlaw.com.
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