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

03-17-2020 10:23 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of current long term investors in Tandy Leather Factory, Inc. (NASDAQ: TLF) shares.

An investigation on behalf of current long term investors in Tandy Leather Factory, Inc. (NASDAQ: TLF) shares.

Certain directors of Tandy Leather Factory, Inc. are under investigation over potential breaches of fiduciary duties.

Investors who are current long term investors in Tandy Leather Factory, Inc. (NASDAQ: TLF) shares, 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 for current long term investors in NASDAQ: TLF stocks follows a lawsuit filed against Tandy Leather Factory, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: TLF stocks, concerns whether certain Tandy Leather Factory directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Central District of California the plaintiff alleges that the Defendants failed to disclose to investors that certain costs of inventory had been improperly valued and expensed, that, as a result, the Company's financial results for certain periods were misstated, that the Company lacked effective internal control over financial reporting, that there was a material weakness in the Company's internal control over financial reporting, and that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

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.

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