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Investigation announced for Long Term Investors in shares of Mohawk Industries, Inc. (NYSE: MHK)

05-22-2020 02:54 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of investors in Mohawk Industries, Inc. (NYSE: MHK) shares over potential wrongdoing.

An investigation on behalf of investors in Mohawk Industries, Inc. (NYSE: MHK) shares over potential wrongdoing.

An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at Mohawk Industries, Inc.

Investors who purchased shares of Mohawk Industries, Inc. (NYSE: MHK) and currently hold any of those NYSE: MHK shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain Mohawk Industries, Inc. (NYSE: MHK officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

On January 09, 2020, a lawsuit was filed against Mohawk Industries, Inc. (NYSE: MHK) over alleged violations of Federal Securities Laws. The plaintiff claims that between April 28, 2017 and July 25, 2019, the Defendants failed to disclose to investors that the Company engaged in deceptive and unsustainable sales practices to mask declining customer demand for its Conventional Flooring products, that Mohawk's increasing inventories was not the result of increasing inflation or the Company's backward integration, but instead the result of the Company deliberately stuffing the channels with Conventional Flooring Products to boost sales, and that as a result, defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Those who purchased shares of Mohawk Industries, Inc. (NYSE: MHK) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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