TAKE A LOOK AT WHICH REPORT YOUR PORTFOLIO'S BEEN MISSING...

Shareholders Foundation offers real-time reporting of class action exposure on a per transaction basis,
including the documents you will need for claim filing and settlement recovery.
Start Monitoring Your Investments

Interface, Inc. (NASDAQ: TILE) Investor Investigation Over Possible Violations Of Securities Laws Announced

  • Investors who purchased shares of Interface, Inc. (NASDAQ: TILE), have certain options and should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Investigation Overview

Company
Interface, Inc.
Security
NASDAQ: TILE

Summary

An investigation on behalf of investors of Interface, Inc. (NASDAQ: TILE) shares over potential securities laws violations by Interface, Inc. and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Interface, Inc. (NASDAQ: TILE) concerning whether a series of statements by Interface, Inc. its business, its prospects and its operations were materially false and misleading at the time they were made.

Atlanta, GA based Interface, Inc., a modular flooring company, designs, produces, and sells modular carpet products primarily in the Americas, Europe, and the Asia-Pacific.

Interface, Inc. reported that its annual Total Revenue rose from $996.44 million in 2017 to over $1.17 billion in 2018 and that its Net Income declined from $53.24 million in 2017 to $50.25 million in 2018.

On April 24, 2019, Interface, Inc. announced it received a letter in November 2017 from the Securities & Exchange Commission (the 'SEC') requesting that the Company voluntarily provide information and documents in connection with an investigation into the Company's historical quarterly earnings per share ('EPS') calculations and rounding practices during the period 2014-2017.

Interface, Inc. also reported it received subpoenas from the SEC in February 2018, July 2018 and April 2019 requesting additional documents and information. In the fourth quarter of 2018, Interface, Inc. conducted at the SEC's request an internal investigation into these and other related issues for seven quarters in 2015, 2016 and 2017.

Interface, Inc. also announced that its Vice President and Chief Accounting Officer was placed on paid administrative leave from Interface, Inc. after it was learned that in 2018, in the process of collecting materials from 2015, 2016 and 2017 for production to the SEC, he added certain notes to those materials that were then produced to the SEC.

Shares of Interface, Inc. (NASDAQ: TILE) declined to $14.84 per share on April 25, 2019.

Start Monitoring Your Investments