INVESTOR ALERT: Investigation of Third Avenue Focused Credit Fund Announced by Law Offices of Howard G. Smith
10 Février 2016 - 4:30PM
Business Wire
Law Offices of Howard G. Smith announces an investigation on
behalf of investors of Third Avenue Focused Credit Institutional
Fund (TFCIX) and Third Avenue Focused Credit Investor Fund (TFCVX)
(“Third Avenue” or the “Company”). Injured investors are encouraged
to contact the Law Offices of Howard G. Smith to discuss their
legal rights.
The investigation focuses on whether the Company made materially
false and misleading statements, or otherwise breached its
fiduciary duties to investors, concerning Third Avenue’s liquidity
and ability to handle volatile market conditions coupled with
investor redemptions. While the Company informed investors that no
more than 15% of its assets would be held in illiquid investments,
the Company in fact consistently held a high percentage of its
assets in illiquid investments, thereby exposing Third Avenue
investors to undisclosed risks. Investors were damaged when
declining asset prices and customer redemptions caused Third Avenue
to suspend customer redemptions and place the fund’s assets in a
liquidating trust.
If you purchased Third Avenue securities and have suffered a
loss, or if you have information or would like to learn more about
these claims, or have any questions concerning this announcement or
your rights or interests with respect to these matters, please
contact Howard G. Smith, Esquire, of Law Offices of Howard G.
Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020
by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by
email to howardsmith@howardsmithlaw.com, or visit our website
at http://www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20160210005556/en/
Law Offices of Howard G. SmithHoward G. Smith,
Esquire215-638-4847888-638-4847howardsmith@howardsmithlaw.comwww.howardsmithlaw.com
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