LOS ANGELES, CA / ACCESSWIRE / October 18, 2019 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Tandy Leather Factory, Inc. ("Tandy" or "the Company") (NASDAQ:TLF) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Tandy disclosed after market close on August 13, 2019, that it would not be capable of filing its quarterly report for the period ending June 30, 2019, in a timely manner. According to the Company, its Audit Committee was investigating "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." Based on this news, shares of Tandy fell by more than 17% over the next three days.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
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SOURCE: The Schall Law Firm
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