|[December 10, 2013]
Glancy Binkow & Goldberg Announces Lead Plaintiff Deadline In The Class Action Lawsuit Against Tile Shop Holdings, Inc.
LOS ANGELES --(Business Wire)--
Binkow & Goldberg LLP announces that all purchasers of the
securities of Tile
Shop Holdings, Inc. ("Tile Shop" or the "Company") (NASDAQ:TTS)
between August 22, 2012 and November 13, 2013, inclusive (the "Class
Period"), have until January 14, 2014, to file a motion to be appointed
as lead plaintiff in the shareholder lawsuit filed in the United States
District Court for the Southern District of New York.
A COPY OF THE COMPLAINT
IS AVAILABLE FROM THE COURT OR FROM GLANCY BINKOW & GOLDBERG LLP. PLEASE
CONTACT S AT (212) 682-5340, TOLL-FREE AT (888) 773-9224, OR AT SHAREHOLDERS@GLANCYLAW.COM
TO DISCUSS THIS MATTER. IF YOU INQUIRE BY EMAIL PLEASE INCLUDE YOUR
MAILING ADDRESS, TELEPHONE NUMBER AND NUMBER OF SHARES PURCHASED.
Tile Shop is a specialty retailer of manufactured and natural stone
tiles, setting and maintenance materials, and related accessories in the
United States. The Complaint alleges the defendants misrepresented and
failed to disclose material adverse facts about the Company's business,
operations and financial performance.
On November 14, 2013, Gotham City Research LLC issued a report alleging
that Tile Shop inflated its 2013 earnings by 200% as a result of an
undisclosed third-party relationship with a China-based supplier,
Beijing Pingxiu. The Gotham Research report alleges that Beijing Pingxiu
accounts for 20-30% of Tile Shop's cost of goods sold, that it is
controlled by a relative of a Tile Shop executive, and that Tile Shop
"has used its China-based undisclosed related party and improper
accounting to overstate profits."
If you have any questions concerning this Notice or your rights or
interests with respect to these matters, please contact Michael
Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century
Park East, Suite 2100, Los Angeles, California 90067, Toll-Free at (888)
773-9224, or contact Gregory
Linkh, Esquire, of Glancy Binkow & Goldberg LLP at 122 E. 42nd
Street, Suite 2920, New York, New York 10168, at (212) 682-5340, by
e-mail to firstname.lastname@example.org,
or visit our website at http://www.glancylaw.com.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
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