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Case Status:    DISMISSED    
On or around 04/16/2020 (Court's order of dismissal)

Filing Date: November 07, 2019

According to the Complaint, Tandy Leather Factory, Inc. is a specialty retailer that sells leather and leathercraft related items such as quality tools, hardware, accessories, liquids, lace, kits and teaching materials.

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, the Complaint alleges Defendants failed to disclose to investors: (1) that certain costs of inventory had been improperly valued and expensed; (2) that, as a result, the Company’s financial results for certain periods were misstated; (3) that the Company lacked effective internal control over financial reporting; (4) that there was a material weakness in the Company’s internal control over financial reporting; and (5) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

On November 26, 2019, the Court issued an Order transferring the case to the Northern District of Texas. Plaintiff filed an amended Complaint on March 3, 2020. On April 8, the Court issued an Order denying Plaintiff's motion for appointment as Lead Plaintiff. On April 15, Plaintiff voluntarily dismissed this case.

COMPANY INFORMATION:

Sector: Consumer Cyclical
Industry: Apparel/Accessories
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: TLF
Company Market: NASDAQ
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: C.D. California
DOCKET #: 19-CV-09601
JUDGE: Hon. Percy Anderson
DATE FILED: 11/07/2019
CLASS PERIOD START: 03/07/2018
CLASS PERIOD END: 08/15/2019
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Glancy Prongay & Murray LLP
No Document Title Filing Date
COURT: N.D. Texas
DOCKET #: 19-CV-01000
JUDGE: Hon. Percy Anderson
DATE FILED: 03/03/2020
CLASS PERIOD START: 03/07/2018
CLASS PERIOD END: 08/15/2019
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Glancy Prongay & Murray LLP
  2. Steckler Gresham Cochran PLLC
No Document Title Filing Date
—Related District Court Filings Data is not available