|Company Name||Mohawk Industries, Inc.|
|Stock Symbol||NYSE: MHK|
|Class Period||April 28, 2017 to July 25, 2019|
|Motion Deadline||March 4, 2020|
A lawsuit has been filed on behalf of shareholders of Mohawk Industries, Inc. (NYSE: MHK) alleging that Mohawk and certain executives violated the federal securities laws. The lawsuit is on behalf of all shareholders who purchased Mohawk stock between April 28, 2017 and July 25, 2019. If you are interested in learning about participating in the lawsuit as a lead plaintiff, you may submit your information below. Investors may also email the firm to obtain information at email@example.com or call (617) 531-3917. The class has not yet been certified and shareholders do not need to be a lead plaintiff in order to participate in a recovery, if the case is successful.
Mohawk is a global manufacturer of flooring products. According to the lawsuit filed against Mohawk, the Company made false and misleading statements to investors. It is alleged that Mohawk overstated its sales growth and misled the market about the demand for its conventional flooring products, and that Mohawk deceptively attributed increasing inventory and accounts receivable to raw material costs and inflation. The lawsuit alleges that those increases were directly related to channel stuffing and sales booked to improve the Company’s sales numbers. When the market learned the truth about Mohawk, investors suffered damages.
Investors who purchased MHK securities between April 28, 2017 to July 25, 2019 are encouraged to contact the Thornton Law Firm’s shareholder rights team by submitting your information below. Interested MHK shareholders have until March 3, 2020 to apply to be lead plaintiff. The class has not yet been certified.
The Thornton Law Firm’s securities attorneys are highly experienced in representing individual shareholders and institutional investors in recovering damages caused by violations of the securities laws. Its attorneys have established track records litigating securities cases in courts throughout the country and recovering losses on behalf of shareholders. This may be considered Attorney Advertising in some jurisdictions. Prior results do not guarantee or predict a similar outcome with respect to any future matter.