Third Avenue Focused Credit Fund
THIRD AVENUE FOCUSED CREDIT FUND INVESTIGATION ALERT – Andrews & Springer LLC Is Investigating Third Avenue Focused Credit Fund For Potential Securities Fraud – TFCIX, TFCVX
(Wilmington, DE) Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential securities fraud claims against Third Avenue Focused Credit Institutional Fund (TFCIX) and Third Avenue Focused Credit Investor Fund (TFCVX) (collectively “Third Avenue Focused Credit Fund” or the “Company”).
On December 9, 2015, Third Avenue Management LLC, the manager of Third Avenue Focused Credit Fund, notified shareholders of the Third Avenue Focused Credit Fund that it was halting redemptions and would conduct an orderly liquidation of remaining assets. On December 14, 2015, the Wall Street Journal reported that the U.S. Securities and Exchange Commission (“SEC”) was reviewing the Third Avenue Focused Credit Fund’s liquidation.
On December 16, 2015, the Wall Street Journal reported that Third Avenue Management LLC had reached an agreement with the SEC. As part of the agreement, shareholders of Third Avenue Focused Credit Fund will be blocked from withdrawing their investments in the fund and may not receive all their money back for months, if not more, as the fund slowly sells assets and returns cash.
If purchased shares of Third Avenue Focused Credit Fund before December 9, 2015 and want to receive additional information and protect your investments free of charge, please visit us at http://www.andrewsspringer.com/cases-investigations/third-avenue-focused-credit-fund-class-action-investigation or contact Craig J. Springer, Esq. at cspringer@andrewsspringer.com, or call toll free at 1-800-423-6013. You may also follow us on LinkedIn – www.linkedin.com/company/andrews-&-springer-llc, Twitter – www.twitter.com/AndrewsSpringer or Facebook - www.facebook.com/AndrewsSpringer for future updates.
Andrews & Springer is a boutique securities class action law firm representing shareholders nationwide who are victims of securities fraud, breaches of fiduciary duty or corporate misconduct. Having formerly defended some of the largest financial institutions in the world, our founding members use their valuable knowledge, experience, and superior skill for the sole purpose of achieving positive results for investors. These traits are the hallmarks of our innovative approach to each case our Firm decides to prosecute. For more information please visit our website at www.andrewsspringer.com. This notice may constitute Attorney Advertising.