NEW YORK, Nov. 19, 2019 (GLOBE NEWSWIRE) — Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of Tandy Leather Factory, Inc. (TLF) from March 7, 2018 through August 15, 2019, inclusive (the “Class Period”).
If you wish to serve as lead plaintiff, you must move the Court no later than January 6, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
To join the class action, http://zhanginvestorlaw.com/join-action-form/?slug=tandy-leather-factory-inc&id=2092 or call Sophie Zhang, Esq. toll-free at 800-991-3756 or email [email protected] for information on the class action.
According to the lawsuit, throughout the Class Period, defendants and its senior executives presented false and misleading financial statements or omitted to disclose (1) certain costs of inventory had been improperly valued and expensed; (2) as a result, the Company’s financial results for certain periods were misstated; (3) the Company lacked effective internal control over financial reporting; (4) there was a material weakness in the Company’s internal control over financial reporting; and (5) as a result, defendants’ statements regarding Tandy’s business, operations, and prospects, were materially false and misleading. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class has not been certified. You may retain counsel of your choice. You may take no action at this time and be an absent class member. Your ability to obtain a recovery is not dependent upon being a lead plaintiff.
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