The law firm of Federman & Sherwood has launched an investigation of Tile Shop Holdings, Inc. (NASDAQ: TTS) (“TTS” or “the Company”) for possible violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and/or breaches of fiduciary duty by the Company’s officers and directors.
In a recent 58-page report, Gotham City Research claimed that TTS inflated and overstated its 2013 earnings by as much as 200%. Federman & Sherwood is therefore investigating whether the Company: (1) uses captive, phantom Chinese suppliers to overstate inventories, understate cost of sales, and overstate gross profits in its SEC filings; and, (2) has had material weaknesses in its internal accounting controls between 2011 and 2013, which will most likely cause the Company to restate its financials.
If you currently own common stock in Tile Shop Holdings, Inc., have any
information to assist in our investigation, or have questions or
concerns regarding this notice or your rights or interests in this
matter, please contact Federman & Sherwood. Federman & Sherwood has
extensive nationwide experience in representing investors in securities,
derivative and merger-related shareholder class actions, and has been
appointed as lead counsel in multiple complex cases across the country.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV