NEW YORK, Jan. 04, 2016 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise acquired securities of TCP International Holdings Ltd. (“TCP”) (NYSE:TCPI) between May 8, 2015 and November 5, 2015, inclusive.
You are hereby notified that a securities class action lawsuit has been commenced in the USDC for the Southern District of New York. If you purchased or otherwise acquired TCP securities between May 8, 2015 and November 5, 2015, your rights may be affected by this action. To get more information go to:
The complaint alleges that defendants failed to disclose during the Class Period that TCP’s Chairman Ellis Yan had made improper payments with his personal funds relating to TCP’s business and that improper relationships existed between Yan and the Company’s Vice-Chairman, Zhaoling Yan, and certain vendors.
On November 5, 2015, TCP announced that it would delay the release of the Company’s third-quarter financial results due to a pending investigation by the Audit Committee of TCP’s Board of Directors concerning the scope and propriety of payments made by its Chairman with his personal funds relating to TCP’s business, and whether relationships exist between Yan and Zhaoling Yan and certain vendors. TCP noted it does not anticipate filing its third-quarter Form 10-Q by the extended due date of November 23, 2015.
If you suffered a loss in TCPI you have until January 11, 2016 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.zlk.com/pslra/tcp-investigation.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, California, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.com
Source:Levi & Korsinsky, LLP