Class Action Suit Filed Against Tile Shop

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Shareholder rights law firm Robbins Arroyo LLP announces that an investor of Tile Shop Holdings
TTS
has filed a federal securities fraud class action complaint in the U.S. District Court for the Southern District of New York.  The complaint alleges that the company and certain of its officers violated the Securities and Exchange Act of 1934 between August 22, 2012 and November 13, 2013 (the "Class Period").  Tile Shop Holdings, Inc. operates as a specialty retailer of manufactured and natural stone tiles, setting and maintenance materials, and related accessories. (Logo:  http://photos.prnewswire.com/prnh/20130103/MM36754LOGO) Tile Shop Accused of Failing to Disclose Related Party Transactions and Overstating Profits Shares of Tile Shop fell $8.27, or 37%, to close at $12.95 on November 14, 2013, after the release of a report by Gotham City Research LLC claiming that the company's financial results were overstated.  According to the complaint, Tile Shop made false and misleading statements and/or failed to disclose material adverse facts about the company's business prospects and financial condition.  In particular, the complaint alleges that, throughout the Class Period, Tile Shop failed to disclose to investors that one of its largest suppliers, Beijing Pingxiu, was an
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