INVESTOR ALERT: The Law Offices of Vincent Wong Remind Investors of Class Action Involving Third Avenue Focused Credit Instit...
February 19 2016 - 2:06PM
The Law Offices of Vincent Wong announce that a class action
lawsuit has been commenced in the USDC for the Central District of
California, Western Division, on behalf of investors who purchased
Third Avenue Focused Credit Institutional Fund & Investor Fund
(Nasdaq:TFCIX) (Nasdaq:TFCVX) securities between March 1, 2013 and
December 10, 2015.
Click here to learn about the case:
http://docs.wongesq.com/TFCIX-Info-Request-Form-1091.
There is no cost or obligation to you. The complaint alleges that,
in violation of the Securities Act of 1933, Third Avenue’s
prospectuses and registration statements contained material false
and/or misleading statements regarding the Fund’s liquidity. In
particular, the complaint alleges that Third Avenue Focused Credit
Fund promised investors that it would place no more than 15% of its
assets in illiquid securities, securities that could not be sold
promptly at or near its carrying value. An analysis of the Fund’s
holdings in 2013, 2014, and 2015 has revealed that the Fund
consistently held more than 15% of its net assets in illiquid
securities. The Fund’s excessive illiquidity meant that it could
not promptly sell assets to meet growing redemptions without
unloading them at fire sale prices, leading it to suspend
redemptions and shut down the Fund on December 10, 2015.
If you suffered a loss in Third Avenue
you have until March 29, 2016 to request that the Court
appoint you as lead plaintiff. Your ability to share in any
recovery doesn’t require that you serve as a lead plaintiff. To
obtain additional information, contact Vincent Wong, Esq. either
via email vw@wongesq.com, by telephone at 212.425.1140, or visit
http://docs.wongesq.com/TFCIX-Info-Request-Form-1091.
Vincent Wong, Esq. is an experienced attorney
that has represented investors in securities litigations involving
financial fraud and violations of shareholder rights.
Attorney advertising. Prior results do not guarantee similar
outcomes.
CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
Fax. 866.699.3880
E-Mail: vw@wongesq.com
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