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Nov. 15, 2013 /PRNewswire/ — Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud claims on behalf of investors of Tile Shop Holdings, Inc. ("Tile Shop" or the "Company") (NASDAQ: TTS).
The investigation focuses on whether the Company and its executives violated federal securities laws with respect to its disclosures concerning its business, operations, and financial performance.
Tile Shop is purportedly a specialty retailer of manufactured and natural stone tile in
the United States with 82 stores as of June 2013. On
November 14, 2013, the
SeekingAlpha website published a report issued by
Gotham City Research, a company that provides research and analysis for special situation investing. The report claims that Tile Shop has used an undisclosed related party and improper accounting practices to drastically overstate its earnings by as much as 200%.
Following this news, on
November 14, 2013, Tile Shop stock dropped
$7.58 per share, or 35.71%, to close at
$13.64 per share, on unusually heavy volume.
Request more information now by clicking here: www.faruqilaw.com/TTS. There is no cost or obligation to you.Take Action
If you lost more than
$100,000 investing in Tile Shop stock or options and would like to discuss your legal rights, visit
www.faruqilaw.com/TTS. You can also contact us by calling
Richard Gonnello or
Francis McConville toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to
email@example.com. Faruqi & Faruqi, LLP also encourages anyone with information regarding Tile Shop's conduct to contact the firm, including whistleblowers, former employees, shareholders, and others.
Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. To keep track of the latest securities litigation news, follow us on Twitter at
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