Tile Shop Halts Stock Deregistration As It Fights Investor Suits

Law360 (November 12, 2019, 6:40 PM EST) -- Tile Shop Holdings Inc. said Monday that it has halted the process to deregister its stock per an order from the Delaware Chancery Court after investors filed derivative suits last week seeking to thwart what they contend is a takeover attempt led by the company's former CEO.

Tile Shop said it had intended to file forms with the U.S. Securities and Exchange Commission this week to move forward with plans announced last month to delist its common stock from Nasdaq and deregister its stock under SEC regulations, meaning it would not have to file periodic financial reports with the regulatory agency....

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!