Skip to content
Business

NOTICE For Investors In NYSE: MHK Shareholder Notice: Update in Lawsuit for Investors in Mohawk Industries, Inc. Shares Announc

NOTICE For Investors In NYSE: MHK Shareholder Notice: Update in Lawsuit for Investors in Mohawk Industries, Inc. Shares Announc

San Diego, California--(Newsfile Corp. - September 14, 2020) - The
Shareholders Foundation, Inc. announces that a lawsuit is pending for certain
investors in Mohawk Industries, Inc. (NYSE: MHK) shares.

Investors, who purchased shares of Mohawk Industries, Inc. (NYSE: MHK) in 2017
or earlier and continue to hold any of their (NYSE: MHK) shares, have certain
options and should contact the Shareholders Foundation at
mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

On January 9, 2020, a lawsuit was filed Mohawk Industries, Inc. over alleged
securities laws violations. The plaintiff alleged that 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.

On June 29, 2020, an amended complaint laws was filed.

On July 13, 2020, Mohawk Industries, Inc disclosed that on June 25, 2020, the
company received subpoenas issued by the U.S. Attorney's Office for the
Northern District of Georgia and the U.S. Securities and Exchange Commission
on topics similar to those raised by the amended complaint.

Those who purchased Mohawk Industries, Inc. (NYSE: MHK) shares should contact
the Shareholders Foundation, Inc.

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

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring
and a settlement claim filing service, 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. The Shareholders Foundation, Inc. is not a law firm. Any referenced
cases, investigations, and/or settlements are not filed/initiated/reached
and/or are not related to Shareholders Foundation. The information is only
provided as a public service. It is not intended as legal advice and should
not be relied upon.

Corporate Logo

To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/63722

(c) Copyright Newsfile Corp. 2020