Press release from Business Wire
INVESTOR ALERT – TILE SHOP HOLDINGS, INC.: The Law Offices of Vincent Wong Launch Investigation of TILE SHOP HOLDINGS, INC. for Possible Breaches of Fiduciary Duty
Wednesday, January 15, 2014
INVESTOR ALERT – TILE SHOP HOLDINGS, INC.: The Law Offices of Vincent Wong Launch Investigation of TILE SHOP HOLDINGS, INC. for Possible Breaches of Fiduciary Duty17:58 EST Wednesday, January 15, 2014
NEW YORK (Business Wire) -- The Law Offices of Vincent Wong are investigating Tile Shop Holdings, Inc. (Nasdaq:TTS) in relation to possible breaches of fiduciary duty. The investigation stems from concerns that the Company used an undisclosed related party to effectuate a scheme to overstate earnings and, as a result, artificially inflate the stock price.
Click here to learn about the case: http://docs.wongesq.com/TTS-Info-Request-Form-133. There is no cost or obligation to you.
On November 14, 2013, Gotham City Research LLC issued a report stating that the Company had, among other allegations, overstated its 2013 earnings by over 200 percent. The report further alleged that the Company's largest supplier, Beijing Pingxiu, is an undisclosed related company secretly controlled by the brother-in-law of the Company's CEO and a current Tile Shop employee, Fumitake Nishi. On this news, TTS stocks plummeted $8.27 per share to close at $12.95 per share – a drop of 38% from the previous day's closing price.
To obtain additional information, contact Vincent Wong, Esq. either via email email@example.com, by telephone at 212.425.1140, or visit http://docs.wongesq.com/TTS-Info-Request-Form-133.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
The Law Offices of Vincent Wong
Vincent Wong, Esq.