INVESTOR ALERT: Class Action Lawsuit Against TCP International Holdings Ltd. Announced by Law Offices of Howard G. Smith
By Business Wire News
By Business Wire News
Law Offices of Howard G. Smith announces that a class action lawsuit has been filed in the United States District Court for the Northern District of Ohio on behalf of purchasers of the common stock of TCP International Holdings Ltd. (“TCP” or the “Company”) (NYSE:TCPI) pursuant and/or traceable to the Registration Statement and Prospectus (collectively, the “Registration Statement”) issued in connection with the Company’s June 26, 2014, initial public offering, including those who purchased or otherwise acquired TCP common stock between June 26, 2014 and February 27, 2015, inclusive (the “Class Period”). TCP is a Switzerland-based provider of energy-efficient LED and CFL lighting technologies, which designs, develops and manufactures lamps, fixtures and lighting control solutions.
The lawsuit alleges that the Registration Statement was negligently prepared and contained untrue statements of material facts or omitted material facts concerning the Company’s business, operations and prospects. Specifically, the Registration Statement misrepresented and/or failed to disclose that the Company was manufacturing lighting fixtures and labelling those products as Underwriters Laboratory (“UL”) and “Energy Star” approved, although no such approvals had been received.
If you are a member of the Class described above, you have until May 1, 2015, to move the Court 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 would like to learn more about these claims, 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 firstname.lastname@example.org, or visit our website at http://www.howardsmithlaw.com.