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Stock impact report

MHK Long -Term Investor Alert: Johnson Fistel Continues to Investigate Mohawk Industries; Should Management be Held Accountable for Investors Losses?

Mohawk Industries, Inc. (MHK) 
Last mohawk industries, inc. earnings: 2/13 04:10 pm Check Earnings Report
US:NYSE Investor Relations: mohawkind.com/corporateiroverview.aspx
Company Research Source: PR Newswire
SAN DIEGO, April 14, 2020 /PRNewswire/ -- Johnson Fistel, LLP is investigating potential claims on behalf of Mohawk Industries, Inc. ("Mohawk" or the "Company") (NYSE: MHK) against certain of its officers and directors. Recently a class action lawsuit was filed in federal court against the Company on behalf of purchasers of the securities of Mohawk from April 28, 2017 and July 25, 2019 (the "Class Period"). According to the lawsuit, defendants throughout the Class Period made false and misleading statements and failed to disclose that: (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, Show less Read more
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