HAVERFORD, Pa., March 25, 2015 (GLOBE NEWSWIRE) -- Chimicles & Tikellis LLP announces that a lawsuit has been filed in the United States Court for the Northern District of Ohio on behalf of investors who purchased common stock of TCP International Holdings Ltd. ("TCPI" or the "Company") (NYSE:TCPI) pursuant or traceable to the Registration Statement and Prospectus filed in connection with the initial public offering between June 26, 2014 and February 27, 2015.
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If you purchased TCPI common stock between June 26, 2014 and February 27, 2015, you have until May 1, 2015 to ask the Court to serve as lead plaintiff. To learn more about this action, contact Christina D. Saler, Esq., either via email cds@chimicles.com or by telephone at (610) 642-8500, or toll free (888) 805-7848.
TCPI, a Switzerland corporation, is a manufacturer and distributor of energy efficient lighting technologies. The Complaint alleges that TCPI's filings in connection with the IPO and other filings with the SEC were false and misleading as to the Company's internal controls, corporate expenditures and product safety certification.
On February 26, 2015, TCPI announced that the Company's General Counsel and Chief Compliance Officer filed suit against the Company in Ohio state court alleging that the CEO had engaged in a series of actions that "constitute violations of state and federal law." The market reacted with the stock dropping over 57% to close at $2.74 per share on heavy trading volume.
If you purchased TCPI common stock in the offering between June 26, 2014 and February 27, 2015, or have information relevant to our investigation, contact us immediately.
For over 30 years Chimicles & Tikellis has pursued hundreds of securities, consumer and shareholder rights cases and recovered billions of dollars for their clients. The firm is nationally recognized, and their litigators hold many professional honors and distinctions.
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