Mohawk Industries, Inc.
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Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of Mohawk Industries, Inc. (NYSE: MHK) from April 28, 2017 through July 25, 2019 (the “Class Period”). The lawsuit seeks to recover damages for Mohawk Industries, Inc. investors under the federal securities laws.
If you bought Mohawk Industries, Inc. securities between April 28, 2017 through July 25, 2019, and would like to join the action, please click “Join This Class Action,” above.
SHAREHOLDER ALERT: Zhang Investor Law Announces a Securities Class Action Lawsuit Against Mohawk Industries, Inc. – MHK
New York, N.Y., January 10, 2020. Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of Mohawk Industries, Inc. (NYSE: MHK) between April 28, 2017 and July 25, 2019, inclusive (the “Class Period”).
To join the MHK class action, go to http://zhanginvestorlaw.com/cases/mohawk-industries-inc/ call Sophie Zhang, Esq. toll-free at 800-991-3756 or email firstname.lastname@example.org for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU NEED NOT BE A LEAD PLAINTIFF IN ORDER TO OBTAIN COMPENSATION.
According to the lawsuit, throughout the Class Period (1) Mohawk was engaging in fraudulent channel stuffing; (2) Mohawk’s statements regarding sales growth and the demand for its conventional flooring products were false and misleading; (3) the Company falsely assured stockholders about its increasing accounts receivable and inventory levels during the Class Period by falsely attributing those increases to external factors like rising raw material costs and inflation; and (4) as a result of the foregoing, defendants’ statements about its business and operations were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than March 3, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://zhanginvestorlaw.com/cases/mohawk-industries-inc/ or to discuss your rights or interests regarding this class action, please contact Sophie Zhang, Esq. of Zhang Investor Law toll free at 800-991-3756 or via e-mail at email@example.com.
Zhang Investor Law represents investors worldwide.