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ROSEN, A LEADING GLOBAL LAW FIRM, Announces Filing of Securities Class Action Lawsuit Against Tandy Leather Factory, Inc. - TLF

NEW YORK, Nov. 10, 2019 /PRNewswire/ --A Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Tandy Leather Factory, Inc. (NASDAQ: TLF) between March 7, 2018 and August 15, 2019, both dates inclusive (the "Class Period"). The lawsuit seeks to recover damages for Tandy investors under the federal securities laws.
ROSEN, A LEADING GLOBAL LAW FIRM, Announces Filing of Securities Class Action Lawsuit Against Tandy Leather Factory, Inc. - TLF
To join the Tandy class action, go to https://www.rosenlegal.com/cases-register-1717.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. AN INVESTOR'S ABILITY TO SHARE IN ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT UPON SERVING AS LEAD PLAINTIFF.According to the lawsuit, the defendants' statements throughout the Class Period were false and/or misleading and/or failed to disclose that: (1) certain costs of inventory had been improperly valued and expensed; (2) as a result, the Company's financial results for certain periods were misstated; (3) the Company lacked effective internal control over financial reporting; (4) there was a material weakness in the Company's internal control over financial reporting; and (5) as a result, defendants' statements regarding Tandy's business, operations, and prospects, were materially false and misleading. When the true details entered the market, the lawsuit claims that investors suffered damages.
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