The Former Attorney General of Louisiana & Kahn Swick & Foti, LLC Remind Large Investors of Lead Plaintiff Deadline in Class ...
February 26 2016 - 10:03PM
Business Wire
Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former
Attorney General of Louisiana, Charles C. Foti, Jr., remind
investors that they have until March 29, 2016 to file lead
plaintiff applications in a securities class action lawsuit against
Third Avenue Trust if they purchased Third Avenue Focused Credit
Fund Investor Class shares (Nasdaq: TFCVX) or Third Avenue Focused
Credit Fund Institutional Class shares (Nasdaq: TFCIX) between
March 1, 2013 and December 10, 2015, inclusive (the “Class
Period”). This action is pending in the United States District
Court for the Central District of California.
What You May Do
If you purchased shares of Third Avenue Trust and would like to
discuss your legal rights and how this case might affect you and
your right to recover for your economic loss, you may, without
obligation or cost to you, call toll-free at 1-877-515-1850 or
email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com). If you wish to serve
as a lead plaintiff in this class action, you must petition the
Court by March 29 2016.
About the Lawsuit
Third Avenue Trust and certain of its officers and affiliates
are charged with failing to disclose material information during
the Class Period, violating federal securities laws.
The Company’s Registration Statements and Prospectuses stated
that it 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, while, in fact, Third Avenue Trust
consistently held more than 15% of its net assets in illiquid
securities. Declining asset prices and customer redemptions caused
Third Avenue Trust to suspend customer redemptions and place the
fund’s assets in a liquidating trust.
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney
General Charles C. Foti, Jr., is a law firm focused on securities,
antitrust and consumer class actions, along with merger &
acquisition and breach of fiduciary litigation against publicly
traded companies on behalf of shareholders. The firm has offices in
New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20160226005088/en/
Kahn Swick & Foti, LLCLewis Kahn, 1-877-515-1850Managing
Partnerlewis.kahn@ksfcounsel.com
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