NEW YORK, Nov. 14, 2013 /PRNewswire/ -- Pomerantz Grossman Hufford Dahlstrom & Gross LLP is investigating claims on behalf of investors of Tile Shop Holdings, Inc. ("Tile Shop" or the "Company") (NASDAQ: TTS). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 237.
The investigation concerns whether Tile Shop and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. On November 14, 2013, shares of Tile Shop declined sharply after a report released by investment firm Gotham Research stated that the Company inflated 2013 earnings by 200% thanks to a China-based supplier Beijing Pingxiu.
On this news, shares of Tile Shop fell $7.59 per share, more than 35.75%, on intraday trading, to a price of $13.63 on November 14, 2013.
The Pomerantz Firm, with offices in New York, Chicago, San Diego and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
CONTACT:
Robert S. Willoughby
Pomerantz Grossman Hufford Dahlstrom & Gross LLP
rswilloughby@pomlaw.com
SOURCE Pomerantz Grossman Hufford Dahlstrom & Gross LLP
