NEW ORLEANS, March 11, 2016 /PRNewswire/ -- 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 (firstname.lastname@example.org). 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.
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
206 Covington St.
Madisonville, LA 70447
SOURCE Kahn Swick & Foti, LLC