{"id":383373,"date":"2020-11-17T15:25:23","date_gmt":"2020-11-17T20:25:23","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=383373"},"modified":"2020-11-17T15:25:23","modified_gmt":"2020-11-17T20:25:23","slug":"interface-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-for-the-eastern-di","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/interface-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-for-the-eastern-di\/","title":{"rendered":"INTERFACE, INC. CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman & Herz LLP announces that a securities class action lawsuit has been filed in the United States District Court for the Eastern District of New York against Interface, Inc."},"content":{"rendered":"

\nLEAD PLAINTIFF DEADLINE IS JANUARY 11, 2021
\n<\/h2>\n
\n

NEW YORK, Nov. 17, 2020 (GLOBE NEWSWIRE) — Wolf Haldenstein Adler Freeman & Herz LLP<\/a> announces that a federal securities class action lawsuit has been filed in the United States District Court for the Eastern District of New York on behalf of those who purchased or acquired the securities of Interface, Inc. (\u201cInterface\u201d or the \u201cCompany\u201d) (NYSE: TILE) during the period from March 2, 2018 through September 28, 2020, both dates inclusive (the \u201cClass Period\u201d).<\/p>\n

\n All <\/strong>
\n i<\/strong>
\n nvestors <\/strong>
\n who<\/strong>
\n purchased<\/strong>
\n shar<\/strong>
\n es<\/strong>
\n of<\/strong>
\n against <\/strong>
\n of<\/strong>\u00a0\u00a0 Interface, Inc<\/strong>.<\/strong>a<\/strong>nd<\/strong> incurred losses <\/strong>a<\/strong>re<\/strong>u<\/strong>rged<\/strong>to contact the firm <\/strong>i<\/strong>mmediately at <\/strong>classmember@whafh.com<\/strong><\/a> or (800) 575-0735 or (212) 545-4774.<\/strong> You may o<\/strong>btain additional information conc<\/strong>erning the action <\/strong>or <\/strong>join the case<\/strong><\/a>on our <\/strong>website<\/strong>, <\/strong>www.whafh.com<\/strong><\/a>.<\/strong><\/a><\/p>\n

If you have incurred losses in the shares of Interface, Inc., you<\/strong>may<\/strong>,<\/strong>no<\/strong>later than<\/strong> January 11, 2021<\/strong>,<\/strong> request that the Court appoint you lead plaintiff of the proposed class.\u00a0\u00a0 Please contact Wolf Haldenstein<\/a> to learn more about your rights as an investor in the shares of Interface, Inc.<\/p>\n

\n
\n CLICK HERE TO JOIN CASE<\/strong>
\n <\/a>\n <\/p>\n

On April 24, 2019, Defendants filed a current report on Form 8-K with the U.S. Securities and Exchange Commission (\u201cSEC\u201d) disclosing that Interface \u201creceived a letter in November 2017 from the [SEC]<\/em>requesting that the Company voluntarily provide information and documents in<\/em>connection with an investigation into the Company\u2019s historical quarterly [EPS]<\/em>calculations and rounding practices during the period 2014-2017\u201d; <\/em>that \u201c[t]he<\/em>Company subsequently received subpoenas from the SEC in February 2018, July<\/em>2018 and April 2019 requesting additional documents and information\u201d; and that<\/em>\u201c[i]n the fourth quarter of 2018, the Company conducted at the SEC\u2019s request<\/em>an internal investigation into these and other related issues for seven<\/em>quarters in 2015, 2016 and 2017.\u201d<\/em><\/p>\n

On this news, Interface\u2019s stock price fell $1.43 per share, or 8.37%, to close at $15.66 per share on April 25, 2019.<\/p>\n

Then, on September 28, 2020, the SEC announced the conclusion of its investigation into Interface\u2019s historical quarterly EPS calculations and rounding practices. Interface agreed to pay a $5 million fine to resolve the matter and was ordered to cease and desist from violating the federal securities laws. In the SEC\u2019s enforcement order issued that same day, the SEC also disclosed how, inter alia, \u201cInterface employees caused Interface to<\/em>produce documents in response to Commission investigative requests that were<\/em>suggestive of contemporaneous support for journal entries that, in truth, did<\/em>not exist at the time the entries were recorded,\u201d<\/em> and had modified certain documents after the SEC\u2019s investigation began.<\/p>\n

On this news, Interface\u2019s stock price fell $0.20 per share, or 3.13%, over the following trading sessions to close at $6.18 per share on September 29, 2020.<\/p>\n

\n Wolf Haldenstein<\/a>\u00a0has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.<\/p>\n

If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein<\/a> by telephone at (800) 575-0735, via e-mail at classmember@whafh.com<\/a>, or visit our website at www.whafh.com<\/a>.<\/a><\/p>\n

Contact:<\/p>\n

Wolf Haldenstein Adler Freeman & Herz LLP
Kevin Cooper, Esq.
Gregory Stone, Director of Case and Financial Analysis
Email: gstone@whafh.com<\/a>,\u00a0kcooper@whafh.com<\/a> or classmember@whafh.com<\/a>
Tel: (800) 575-0735 or (212) 545-4774<\/p>\n

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.<\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

LEAD PLAINTIFF DEADLINE IS JANUARY 11, 2021 NEW YORK, Nov. 17, 2020 (GLOBE NEWSWIRE) — Wolf Haldenstein Adler Freeman & Herz LLP announces that a federal securities class action lawsuit has been filed in the United States District Court for the Eastern District of New York on behalf of those who purchased or acquired the securities of Interface, Inc. (\u201cInterface\u201d or the \u201cCompany\u201d) (NYSE: TILE) during the period from March 2, 2018 through September 28, 2020, both dates inclusive (the \u201cClass Period\u201d). All i nvestors who purchased shar es of against of\u00a0\u00a0 Interface, Inc.and incurred losses areurgedto contact the firm immediately at classmember@whafh.com or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action or join the … <\/p>\n

Continue reading “INTERFACE, INC. CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman & Herz LLP announces that a securities class action lawsuit has been filed in the United States District Court for the Eastern District of New York against Interface, Inc.”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-383373","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nINTERFACE, INC. 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CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman & Herz LLP announces that a securities class action lawsuit has been filed in the United States District Court for the Eastern District of New York against Interface, Inc.\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/interface-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-for-the-eastern-di\/","og_site_name":"Market Newsdesk","article_published_time":"2020-11-17T20:25:23+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA4NzkxMSMzODMyMjYzIzIwMTc2NzI=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/interface-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-for-the-eastern-di\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/interface-inc-class-action-alert-wolf-haldenstein-adler-freeman-herz-llp-announces-that-a-securities-class-action-lawsuit-has-been-filed-in-the-united-states-district-court-for-the-eastern-di\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"INTERFACE, INC. 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