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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Interface, Inc.    TILE

INTERFACE, INC.

(TILE)
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SHAREHOLDER ACTION REMINDER: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Interface, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

11/17/2020 | 02:38pm EST

The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Interface, Inc. (“Interface” or “the Company”) (NASDAQ: TILE) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company's securities between March 2, 2018 and September 28, 2020, inclusive (the ''Class Period''), are encouraged to contact the firm before January 11, 2021.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Interface failed to maintain appropriate internal controls over financial reporting. The Company reported inflated income and earnings per share in 2015 and 2016. Both the Company and certain employees were under SEC investigation since November 2017, but actively hampered the investigation and downplayed the Company’s wrongdoing to the market. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Interface, investors suffered damages.

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.


© Business Wire 2020
All news about INTERFACE, INC.
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01/06GLANCY PRONGAY & MURRAY LLP : Reminds Investors of Looming Deadline in the Class..
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More news
Financials (USD)
Sales 2020 1 106 M - -
Net income 2020 -76,9 M - -
Net Debt 2020 - - -
P/E ratio 2020 -8,34x
Yield 2020 1,37%
Capitalization 641 M 641 M -
Capi. / Sales 2020 0,58x
Capi. / Sales 2021 0,57x
Nbr of Employees 4 110
Free-Float 98,0%
Chart INTERFACE, INC.
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Interface, Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends INTERFACE, INC.
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 4
Average target price 9,00 $
Last Close Price 10,92 $
Spread / Highest target -17,6%
Spread / Average Target -17,6%
Spread / Lowest Target -17,6%
EPS Revisions
Managers and Directors
NameTitle
Daniel T. Hendrix Non-Executive Chairman, President & CEO
Bruce A. Hausmann Chief Financial Officer & Vice President
Christopher G. Kennedy Lead Independent Director
K. David Kohler Independent Director
John P. Burke Independent Director
Sector and Competitors