U.S. LED manufacturer TCP International Holding (TCP) ex-CEO Ellis Yan has settled a lawsuit brought up by former lawyer Laura Hauser, for US $3.9 million, according to a Cleveland.com report.

Leading U.S. LED luminaire manufacturer TCP International’s (TCP) stock ratings have taken a blow following a complaint filed against the company and CEO by its general counsel Laura Hauser.

TCP International Holdings Ltd. (NYSE: TCPI) ("TCP" or "the Company") today issued the following statement in response to the lawsuit recently filed by its General Counsel: 

A Technical Consumer Products, Inc (TCP) employee has filed a lawsuit against company CEO Ellis Yan for alleged business misconduct and aggressive behavior towards employees in Cuyahoga County Common Pleas Court, Ohio, U.S., according to several Cleveland media reports.