Investigation announced for Investors in shares of Tandy Leather Factory, Inc. (NASDAQ: TLF)

Tandy Leather Factory, Inc is under investigation over potential securities laws violations in connection with certain financial statements.

Investors who purchased shares of Tandy Leather Factory, Inc. (NASDAQ: TLF), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on whether certain statements by Tandy Leather Factory, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Fort Worth, TX based Tandy Leather Factory, Inc. operates as a retailer and wholesale distributor of a range of leather and leathercraft related items in North America and internationally. Tandy Leather Factory, Inc. reported that its annual Total Revenue rose from $82.32 million in 2017 to $83.09 million in 2018 and that its Net Income declined from $4.45 million in 2017 to $19.6 million in 2018.

On August 13, 2019, after market, Tandy Leather Factory disclosed that it would not timely file its quarterly report for the period ended June 30, 2019, citing an Audit Committee investigation related to “certain aspects of the Company's methods of valuation and expensing of costs of inventory and related issues regarding the Company's business and operations.”

Shares of Tandy Leather Factory, Inc. (NASDAQ: TLF) declined from $9.00 per share in July 2017 to as low as $4.18 per share on August 23, 2019.

Those who purchased shares of Tandy Leather Factory, Inc. (NASDAQ: TLF) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.