SHAREHOLDER NOTICE: Rosen Law Firm Reminds Third Avenue Focused Credit Fund Investors of the Important March 29, 2016 Deadlin...
25 März 2016 - 7:07PM
Rosen Law Firm, a global investor rights law firm, reminds
investors of Third Avenue Focused Credit Institutional Fund
(NASDAQ:TFCIX) and Third Avenue Focused Credit Investor Fund
(NASDAQ:TFCVX) (collectively, “Third Avenue”) from March 1, 2013
through December 10, 2015, all dates inclusive (the “Class Period”)
of the important March 29, 2016 lead plaintiff deadline in the
class action. The lawsuit seeks to recover damages for Third Avenue
investors under the federal securities laws.
To join the Third Avenue class action, go to the
firm’s website at http://rosenlegal.com/cases-803.html or call
Phillip Kim, Esq. or Kevin Chan, Esq. of Rosen Law Firm toll free
at 866-767-3653 or via email at pkim@rosenlegal.com or
kchan@rosenlegal.com.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE
ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY
COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS
MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR
CHOICE.
The Complaint alleges that Defendants failed to
disclose that Third Avenue consistently held more than 15% of its
net assets in illiquid securities even though Third Avenue’s
Registration Statements and Prospectuses stated that Third Avenue
maintained only a small proportion of its investments in illiquid
securities and at no point held more than the 15% threshold set by
the SEC. When declining asset prices and customer redemptions
caused Third Avenue to suspend customer redemptions and place the
fund’s assets in a liquidating trust, the lawsuit claims that
investors suffered damages.
A class action lawsuit has already been filed. If
you wish to serve as lead plaintiff, you must move the Court no
later than March 29, 2016. A lead plaintiff is a representative
party acting on behalf of other class members in directing the
litigation. If you wish to join the litigation, go to the firm’s
website at http://rosenlegal.com/cases-803.html for more
information. You may also contact Phillip Kim, Esq. or Kevin Chan,
Esq. of Rosen Law Firm toll free at 866-767-3653 or via email at
pkim@rosenlegal.com or kchan@rosenlegal.com.
Rosen Law Firm represents investors throughout the
globe, concentrating its practice in securities class actions and
shareholder derivative litigation. Attorney Advertising. Prior
results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
Kevin Chan, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 34th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
kchan@rosenlegal.com
www.rosenlegal.com
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