An investigation for investors in Tandy Leather Factory, Inc. (NASDAQ: TLF) shares over potential securities laws violations by Tandy Leather Factory, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 09/10/2019 -- An investigation was announced for investors of Tandy Leather Factory, Inc. (NASDAQ: TLF) shares over potential securities laws violations in connection with certain financial statements.
Investors who purchased shares of Tandy Leather Factory, Inc. (NASDAQ: TLF), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Tandy Leather Factory, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Fort Worth, TX based Tandy Leather Factory, Inc. operates as a retailer and wholesale distributor of a range of leather and leathercraft related items in North America and internationally. On August 13, 2019, after market, Tandy Leather Factory disclosed that it would not timely file its quarterly report for the period ended June 30, 2019, citing an Audit Committee investigation related to "certain aspects of the Company's methods of valuation and expensing of costs of inventory and related issues regarding the Company's business and operations."
Shares of Tandy Leather Factory, Inc. (NASDAQ: TLF) declined from $9.00 per share in July 2017 to as low as $4.18 per share on August 23, 2019.
Those who purchased shares of Tandy Leather Factory, Inc. (NASDAQ: TLF) have certain options and should contact the Shareholders Foundation.
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