STOCK ALERT: Rosen Law Firm Reminds Third Avenue Focused Credit Fund Investors of the Important Deadline in Class Action – ...
10 Février 2016 - 9:57PM
Business Wire
Rosen Law Firm, a global investor rights law firm, reminds
investors of Third Avenue Focused Credit Institutional Fund
(NASDAQ:TFCIX) and Third Avenue Focused Credit Investor Fund
(NASDAQ:TFCVX) (collectively, “Third Avenue”) from March 1, 2013
through December 10, 2015, all dates inclusive (the “Class Period”)
of the important March 29, 2016 lead plaintiff deadline in the
class action. The lawsuit seeks to recover damages for Third Avenue
investors under the federal securities laws.
To join the Third Avenue class action, go to the firm’s website
at http://rosenlegal.com/cases-803.html or call Phillip Kim, Esq.
or Kevin Chan, Esq. of Rosen Law Firm toll free at 866-767-3653 or
via email at pkim@rosenlegal.com or kchan@rosenlegal.com.
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 ALSO REMAIN AN ABSENT CLASS MEMBER AND DO
NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
The Complaint alleges that Defendants failed to disclose that
Third Avenue consistently held more than 15% of its net assets in
illiquid securities even though Third Avenue’s Registration
Statements and Prospectuses stated that Third Avenue maintained
only a small proportion of its investments in illiquid securities
and at no point held more than the 15% threshold set by the SEC.
When declining asset prices and customer redemptions caused Third
Avenue to suspend customer redemptions and place the fund’s assets
in a liquidating trust, the lawsuit claims that investors suffered
damages.
A class action lawsuit has already been filed. If you wish to
serve as lead plaintiff, you must move the Court no later than
March 29, 2016. A lead plaintiff is a representative party acting
on behalf of other class members in directing the litigation. If
you wish to join the litigation, go to the firm’s website at
http://rosenlegal.com/cases-803.html for more information. You may
also contact Phillip Kim, Esq. or Kevin Chan, Esq. of Rosen Law
Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com
or kchan@rosenlegal.com.
Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation. Attorney Advertising. Prior
results do not guarantee a similar outcome.
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version on businesswire.com: http://www.businesswire.com/news/home/20160210006526/en/
The Rosen Law Firm, P.A.Laurence Rosen, Esq.Phillip Kim,
Esq.Kevin Chan, Esq.275 Madison Avenue, 34th FloorNew York, NY
10016Tel: (212) 686-1060Toll Free: (866) 767-3653Fax: (212)
202-3827lrosen@rosenlegal.compkim@rosenlegal.comkchan@rosenlegal.comwww.rosenlegal.com
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