An investigation for investors in NYSE:TCS shares over potential securities laws violations by the Container Store Group Inc in connection certain financial statements was announced.
Investors who purchased shares of Container Store Group Inc (NYSE:TCS), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm focuses on whether certain statements by Container Store Group Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Container Store Group Inc reported that ita Total Revenue rose from $633.62 million for the 52 weeks period that ended on February 25, 2012 to $781.87 million for the 52 weeks period that ended on February 28, 2015 and that its Net Loss of $30.67 million for the 52 weeks period that ended on February 25, 2012 turned into a Net Income of $22.67 million for the 52 weeks period that ended on February 28, 2015. On January 7, 2016, Container Store Group Inc announced its third quarter fiscal 2015 financial results and updated its fiscal 2015 outlook. Shares of Container Store Group Inc (NYSE:TCS) declined from $43.52 per share in late 2013 to as low as $3.94 per share on February 8, 2016.
Those who purchased shares of the Container Store Group Inc (NYSE:TCS) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com