{"id":98328,"date":"2023-04-11T14:52:41","date_gmt":"2023-04-11T14:52:41","guid":{"rendered":"http:\/\/lebanonnewsgazette.com\/?guid=7d49ba3b3c2bceb8776196a4190689c7"},"modified":"2023-04-11T14:52:41","modified_gmt":"2023-04-11T14:52:41","slug":"rosen-skilled-investor-counsel-encourages-techtronic-industries-company-limited-investors-with-losses-to-inquire-about-securities-class-action-investigation-ttndy","status":"publish","type":"post","link":"https:\/\/lebanonnewsgazette.com\/rosen-skilled-investor-counsel-encourages-techtronic-industries-company-limited-investors-with-losses-to-inquire-about-securities-class-action-investigation-ttndy\/","title":{"rendered":"ROSEN, SKILLED INVESTOR COUNSEL, Encourages Techtronic Industries Company Limited Investors With Losses to Inquire About Securities Class Action Investigation \u2013 TTNDY"},"content":{"rendered":"

NEW YORK, April 11, 2023 (GLOBE NEWSWIRE) —\u00a0WHY:\u00a0<\/strong>Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Techtronic Industries Company Limited (OTC: TTNDY) resulting from allegations that Techtronic may have issued materially misleading business information to the investing public.<\/p>\n

SO WHAT:<\/strong>\u00a0If you purchased Techtronic securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.<\/p>\n

WHAT TO DO NEXT:\u00a0<\/strong>To join the prospective class action, go to\u00a0https:\/\/rosenlegal.com\/submit-form\/?case_id=12551<\/a>\u00a0or call Phillip Kim, Esq. toll-free at 866-767-3653 or email\u00a0pkim@rosenlegal.com<\/a>\u00a0or\u00a0cases@rosenlegal.com<\/a>\u00a0for information on the class action.<\/p>\n

WHAT IS THIS ABOUT:<\/strong>\u00a0On February 22, 2023, Jehoshaphat Research published a report alleging that the Company has been \u201cinflating its profits dramatically for over a decade with manipulative accounting.\u201d Specifically, Jehoshaphat Research accuses the Company of deceptively managing costs \u201c[b]y stuffing billions of dollars\u2019 worth of routine expenses into various asset accounts, year after year;\u201d an accounting trick referred to as \u201csnowballing.\u201d Jehoshaphat Research observes that every year, Techtronic disposes of large amounts of tangible assets, such as Property, Plant & Equipment, at near-total losses on sale, signifying that the Company is capitalizing routine business expenses into assets. The report also accused Techtronic of ignoring its own accounting policy on bad debt provisions in order to delay expenses.<\/p>\n

On this news, Techtronic\u2019s stock price fell $3.55 per share, or 5.7%, to close at $58.70 per share on February 22, 2023.<\/p>\n

WHY ROSEN LAW:\u00a0<\/strong>We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs\u2019 Bar. Many of the firm\u2019s attorneys have been recognized by Lawdragon and Super Lawyers.<\/p>\n

Follow us for updates on LinkedIn:\u00a0https:\/\/www.linkedin.com\/company\/the-rosen-law-firm<\/a>, on Twitter:\u00a0https:\/\/twitter.com\/rosen_firm<\/a>\u00a0or on Facebook:\u00a0https:\/\/www.facebook.com\/rosenlawfirm\/<\/a>.<\/p>\n

Attorney Advertising. Prior results do not guarantee a similar outcome.<\/p>\n

——————————–<\/p>\n

Contact Information:<\/p>\n

Laurence Rosen, Esq.
\nPhillip Kim, Esq.
\nThe Rosen Law Firm, P.A.
\n275 Madison Avenue, 40th Floor
\nNew York, NY 10016
\nTel: (212) 686-1060
\nToll Free: (866) 767-3653
\nFax: (212) 202-3827
\nlrosen@rosenlegal.com<\/a>
\npkim@rosenlegal.com<\/a>
\ncases@rosenlegal.com<\/a>
\nwww.rosenlegal.com<\/a><\/p>\n

GlobeNewswire Distribution ID 8805811<\/p>\n","protected":false},"excerpt":{"rendered":"

NEW YORK, April 11, 2023 (GLOBE NEWSWIRE) \u2014\u00a0WHY:\u00a0Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Techtronic Industries Company Limited (OTC: TTNDY) resulting from allegations that Techtronic may have issued materially misleading business information to the investing public. SO WHAT:\u00a0If you purchased Techtronic securities [\u2026]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2584,17,53,343],"tags":[],"yoast_head":"\nROSEN, SKILLED INVESTOR COUNSEL, Encourages Techtronic Industries Company Limited Investors With Losses to Inquire About Securities Class Action Investigation \u2013 TTNDY - Lebanon News Gazette<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/lebanonnewsgazette.com\/rosen-skilled-investor-counsel-encourages-techtronic-industries-company-limited-investors-with-losses-to-inquire-about-securities-class-action-investigation-ttndy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ROSEN, SKILLED INVESTOR COUNSEL, Encourages Techtronic Industries Company Limited Investors With Losses to Inquire About Securities Class Action Investigation \u2013 TTNDY - Lebanon News Gazette\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, April 11, 2023 (GLOBE NEWSWIRE) \u2014\u00a0WHY:\u00a0Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Techtronic Industries Company Limited (OTC: TTNDY) resulting from allegations that Techtronic may have issued materially misleading business information to the investing public. 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