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Yes, glad I added 1.80
There's your volume
I've already sold
YOu posted that ten days ago exactly. I am afraid the spaceship is having engine problems.
A Single Lawsuit Seeking in Excess of $50,000 Crashed TCPI's Market Cap by Roughly $100 Million.
TCPI is Now Trading Below Net Tangible Assets and Shareholder Equity.
TCPI Remains Profitable as of the Last 10Q and Has Been in Busines
Investor reports
Fraud Class Action Lawsuit Has Been Filed Against TCP International Holdings Ltd.
WILMINGTON, Del., March 4, 2015 /PRNewswire/ -- Rigrodsky & Long, P.A.:
Do you, or did you, own shares of TCP International Holdings Ltd. (NYSE: TCPI)?
Did you purchase your shares between June 26, 2014 and February 27, 2015, inclusive?
Did you lose money in your investment in TCP International Holdings Ltd.?
Do you want to discuss your rights?
Rigrodsky & Long, P.A., including former Special Assistant United States Attorney, Timothy J. MacFall, announces that a complaint has been filed in the United States District Court for the Northern District of Ohio on behalf of all persons or entities that purchased the common stock of TCP International Holdings Ltd. ("TCP" or the "Company") (NYSE: TCPI) between June 26, 2014 and February 27, 2015, inclusive, including those investors who acquired TCP shares pursuant or traceable to its initial public offering ("IPO") commenced on June 26, 2014 (collectively, the "Class Period"), alleging violations of the Securities Act of 1933 against the Company and certain of its officers (the "Complaint").
If you purchased shares of TCP during the Class Period and wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact Timothy J. MacFall, Esquire or Peter Allocco of Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803 at (888) 969-4242; by e-mail to info@rl-legal.com; or at: http://www.rigrodskylong.com/investigations/tcp-international-holdings-ltd-tcpi.
TCP, together with its subsidiaries, designs, develops, manufactures and delivers high quality energy-efficient lamps, fixtures and internet-based lighting control solutions. The Complaint alleges that throughout the Class Period, defendants made materially false and misleading statements, and omitted materially adverse facts, about the Company's business, operations and prospects. Specifically, the Complaint alleges that the defendants concealed from the investing public that TCP's Registration Statement issued in connection with the IPO included information that was false. The Registration Statement negligently contained statements that falsely described the Company's operations and business, including false statements concerning the Company's important Underwriters Laboratory ("UL") and Energy Star approvals, compliance, and qualifications. In addition, the Registration Statement failed to disclose certain material events known to defendants that caused the information reported in the Registration Statement and other public statements not to be indicative of TCP's actual operations. As a result of defendants' false and misleading statements, the Company's stock traded at artificially inflated prices during the Class Period.
According to the Complaint, on February 26, 2015, Laura Hauser, the Company's General Counsel, filed a lawsuit against TCP, its subsidiary and CEO Ellis Yan ("Yan"), claiming that Yan has run the lighting products company in a reckless and unethical way — and threatened her for bringing it up with the Company's board. Among the problems Hauser cited in the lawsuit: Yan allegedly ordered the company to produce 40,000 LED lamps labeled with the "UL" mark even though they had not been approved by the product testing company. The lamps eventually failed UL tests, the lawsuit stated.
On this news, shares in TCP plummeted over 57%, closing at $2.74 per share on February 27, 2015, on heavy trading volume of over 2.8 million shares.
If you wish to serve as lead plaintiff, you must move the Court no later than May 1, 2015. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. Any member of the proposed class may move the court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.
While Rigrodsky & Long, P.A. did not file the Complaint in this matter, the firm, with offices in Wilmington, Delaware and Garden City, New York, regularly litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar outcome.
CONTACT:
Rigrodsky & Long, P.A.
Timothy J. MacFall, Esquire
Peter Allocco
(888) 969-4242
(516) 683-3516
Fax: (302) 654-7530
info@rl-legal.com
http://www.rigrodskylong.com
SOURCE Rigrodsky & Long, P.A.
Source Link
http://www.prnewswire.com/news-releases/rigrodsky--long-pa-announces-a-securities-fraud-class-action-lawsuit-has-been-filed-against-tcp-international-holdings-ltd-300045515.html
Where do you get the $18 target from?
Once this baby soar please credit me for my predictions like others have done so with previous plays.
There is no SEC investigation. There are no criminal charges. This is just a civil case solved for under $100K. New price target $18!!!!!!
News!!
Shares of TCP International Holdings (NASDAQ:TCPI) have earned a consensus broker rating score of 1.67 (Buy) from the three brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and two have given a strong buy rating to the company. TCP International Holdings’ rating score has declined by 67% from three months ago as a result of various analysts’ ratings changes.
Brokerages have set a twelve-month consensus target price of $8.67 for the company, according to Zacks. Zacks has also assigned TCP International Holdings an industry rank of 24 out of 265 based on the ratings given to its competitors.
Shares of TCP International Holdings (NASDAQ:TCPI) opened at 2.76 on Thursday. TCP International Holdings has a 1-year low of $2.52 and a 1-year high of $11.40. The stock’s 50-day moving average is $5.74 and its 200-day moving average is $6.2. The company has a market cap of $76.4 million and a price-to-earnings ratio of 6.73.
Separately, analysts at Piper Jaffray downgraded shares of TCP International Holdings from an “overweight” rating to a “neutral” rating in a research note on Monday, March 2nd.
TCP International Holdings Ltd. (NASDAQ:TCPI) is a global provider of energy efficient light-emitting diode (LED) and compact fluorescent lamp (CFL) lighting technologies. It designs, develops, manufactures and delivers energy efficient lamps, fixtures and Internet-based lighting control solutions.
To get a free copy of the research report on TCP International Holdings (TCPI), click here. For more information about research offerings from Zacks Investment Research, visit Zacks.com
Wouldn't want to be out of this play once financials are out easy $9+!!!!!!!!!!
BALLS! bought TCPI on Friday, and kept averaging down. sold for loss this morning, even after the small pop. now it's red, LOL
turd sandwich!!!
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