{"id":394870,"date":"2020-12-07T17:56:16","date_gmt":"2020-12-07T22:56:16","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=394870"},"modified":"2020-12-07T17:56:16","modified_gmt":"2020-12-07T22:56:16","slug":"investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-interface-inc-and-encourages-investors-to-contact-the-firm-before-january-11-2021-4","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-interface-inc-and-encourages-investors-to-contact-the-firm-before-january-11-2021-4\/","title":{"rendered":"INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Interface, Inc. and Encourages Investors to Contact the Firm Before January 11, 2021"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">NEW YORK, Dec.  07, 2020  (GLOBE NEWSWIRE) &#8212; The law firm of <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=SorepZECu8DFj9nv2btMrpuCvsBkbF0H0qJT7aiPdxsYWLu52xz_BDPnv4aLvXX0ZsTAx3BNGWIza838GrcdZQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Kirby McInerney LLP<\/a> reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Eastern District of New York on behalf of those who acquired Interface, Inc. (\u201cInterface\u201d or the \u201cCompany\u201d) (NASDAQ: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=AWUHNv39xuXXkwR-7K9hFS1ptP0U8fH4UVyFT4PNQuTBnEnEK0yIDTREErATD9JsRyxC7oBHfyDLwskR2BZYG9YLOIlfNAakPzhaeG2tWe_3fDAaKoIOz8UGrMKFd7iW\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">TILE<\/a>) securities during the period from March 2, 2018\u00a0through\u00a0September 28, 2020, both dates inclusive (the \u201cClass Period\u201d). Investors have until January 11, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit.<\/p>\n<p>The complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company\u2019s business, operational and compliance policies. Specifically, Defendants made false and\/or misleading statements and\/or failed to disclose that: (i) Interface had inadequate disclosure controls, procedures, and internal control over financial reporting; (ii) consequently, Interface,\u00a0<em>inter alia<\/em>, reported artificially inflated income and earnings per share (\u201cEPS\u201d) in 2015 and 2016; (iii) Interface and certain of its employees were under investigation by the Securities and Exchange Commission (\u201cSEC\u201d) with respect to the foregoing issues since at least as early as\u00a0November 2017, had impeded the SEC\u2019s investigation, and downplayed the true scope of the Company\u2019s wrongdoing and liability with respect to the SEC investigation; and (iv) as a result, the Company\u2019s public statements were materially false and misleading at all relevant times.<\/p>\n<p>On\u00a0April 24, 2019, Defendants filed a current report on Form 8-K with the SEC, disclosing that Interface \u201creceived a letter in\u00a0November 2017\u00a0from the [SEC] requesting that the Company voluntarily provide information and documents in connection with an investigation into the Company\u2019s historical quarterly [EPS] calculations and rounding practices during the period 2014-2017\u201d; that \u201c[t]he Company subsequently received subpoenas from the SEC in\u00a0February 2018,\u00a0July 2018\u00a0and\u00a0April 2019\u00a0requesting additional documents and information\u201d; and that \u201c[i]n the fourth quarter of 2018, the Company conducted at the SEC\u2019s request an internal investigation into these and other related issues for seven quarters in 2015, 2016 and 2017.\u201d On this news, Interface\u2019s stock price fell\u00a0$1.43\u00a0per share, or 8.37%, to close at\u00a0$15.66\u00a0per share on\u00a0April 25, 2019.<\/p>\n<p>Then, on\u00a0September 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\u00a0$5 million\u00a0fine 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,\u00a0<em>inter alia<\/em>, \u201cInterface employees caused Interface to produce documents in response to Commission investigative requests that were suggestive of contemporaneous support for journal entries that, in truth, did not exist at the time the entries were recorded,\u201d and had modified certain documents after the SEC\u2019s investigation began. On this news, Interface\u2019s stock price fell\u00a0$0.20\u00a0per share, or 3.13%, over the following two trading sessions to close at\u00a0$6.18\u00a0per share on\u00a0September 29, 2020.<\/p>\n<p align=\"justify\">If you acquired Interface securities, have information, or would like to learn more about these claims, please contact <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=lkM0xWLCdnd529igjUxV5NNsdlwP-RuqEVFYSNgKGzgU5xdNvZGZl4ms1YwJGIspFo5QrCEC0giTiZMWsaRezM5QFf_BB_eNLj2g-EQLE24=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Thomas W. Elrod<\/a> of Kirby McInerney at 212-371-6600, by email at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=dqMBQyh3RbgCx93VNlohJNic8e3GcwNsairaqoKH5Se9NyVPGBxgTHCkDV7zWt9-eqGlhPIzkcTVUfXklJDx1r46kx9ZnpQY8OOLin9O-GY=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">investigations@kmllp.com<\/a>, or by filling out <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=U07uh14TuTXpA44kbHCF2sagzIddXY2xozK_hr_UGxDPN8r3wuKoUfizBtjAAw5wj722NZsiBvQ-EmiFBjQ9ok02oOLPzWv_Y4R1-fQIIWI=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">this <\/a><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=OSv4qoUg_Z1LzAdjdzUThT8D3vHwRhngxznT4hFwSuK9_UDptmCRjloqnDHQOwUvDU5sbjLXML_1g5vqQSJZ0VWGN0ZYdBQ9FMN2oVLJ7qXOlSBX9qGH9BOPUpBTJ_Tq\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">contact form<\/a><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=MsSM3wDWKoeHblczjlUZViDV3jElo6LGNvi0XTaruLrPqYq4hbKDfbbbNLxH5bUmlEWKSEKnFS2GL5iI_fo_Oha4lRWbgO7BX1u4DIcHoFQ=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">,<\/a> to discuss your rights or interests with respect to these matters without any cost to you.<\/p>\n<p align=\"justify\">\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=SorepZECu8DFj9nv2btMruNycNWFXh_uW6nGicPayiSK89x-IGIL5HQGvh0yKx3YhREce923X2Pe9K9T6vtNZw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Kirby McInerney<\/a> is a New York-based plaintiffs\u2019 law firm concentrating in securities, antitrust, and whistleblower litigation. The firm\u2019s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney\u2019s website: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=6aRVGqPPMm0w6A54mIsVwypkZeC84ONFcB-NeVXix7bYJgu1yLu-UdRyawk3vzdv5Mg9hDPgdWsqil9Da-hgzQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.kmllp.com<\/a>.<\/p>\n<p align=\"justify\">This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.<\/p>\n<p>Contacts<\/p>\n<p>Kirby McInerney LLP<br \/>Thomas W. Elrod, Esq., (212) 371-6600<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=dqMBQyh3RbgCx93VNlohJNic8e3GcwNsairaqoKH5Sew5yfZVreF5UxhB3rUlO47Ifq1ZxGSd_y_BjIxB2N5GVhnAZdCt50PzKPYa-0FHV0=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">investigations@kmllp.com<\/a><br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=6aRVGqPPMm0w6A54mIsVw2LS4oOPGSScKvDzIZ-fYdwbs3XsWVaSINN6kaDtE7kMDHUuvtzmYqeMsKtCzLB5Vw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.kmllp.com<\/a><\/p>\n<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5ODE5NyMzODYwNTEyIzIwMjA2Njk=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/508857b3-f156-4906-8569-bf1be8aa8c84\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, Dec. 07, 2020 (GLOBE NEWSWIRE) &#8212; The law firm of Kirby McInerney LLP reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Eastern District of New York on behalf of those who acquired Interface, Inc. (\u201cInterface\u201d or the \u201cCompany\u201d) (NASDAQ: TILE) securities during the period from March 2, 2018\u00a0through\u00a0September 28, 2020, both dates inclusive (the \u201cClass Period\u201d). Investors have until January 11, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit. The complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company\u2019s business, operational and compliance policies. Specifically, Defendants made false and\/or misleading statements and\/or failed to &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-interface-inc-and-encourages-investors-to-contact-the-firm-before-january-11-2021-4\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Interface, Inc. and Encourages Investors to Contact the Firm Before January 11, 2021&#8221;<\/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-394870","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Interface, Inc. and Encourages Investors to Contact the Firm Before January 11, 2021 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-interface-inc-and-encourages-investors-to-contact-the-firm-before-january-11-2021-4\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Interface, Inc. and Encourages Investors to Contact the Firm Before January 11, 2021 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, Dec. 07, 2020 (GLOBE NEWSWIRE) &#8212; The law firm of Kirby McInerney LLP reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Eastern District of New York on behalf of those who acquired Interface, Inc. (\u201cInterface\u201d or the \u201cCompany\u201d) (NASDAQ: TILE) securities during the period from March 2, 2018\u00a0through\u00a0September 28, 2020, both dates inclusive (the \u201cClass Period\u201d). Investors have until January 11, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit. The complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company\u2019s business, operational and compliance policies. Specifically, Defendants made false and\/or misleading statements and\/or failed to &hellip; Continue reading &quot;INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Interface, Inc. and Encourages Investors to Contact the Firm Before January 11, 2021&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-interface-inc-and-encourages-investors-to-contact-the-firm-before-january-11-2021-4\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-07T22:56:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5ODE5NyMzODYwNTEyIzIwMjA2Njk=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-interface-inc-and-encourages-investors-to-contact-the-firm-before-january-11-2021-4\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-interface-inc-and-encourages-investors-to-contact-the-firm-before-january-11-2021-4\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Interface, Inc. and Encourages Investors to Contact the Firm Before January 11, 2021\",\"datePublished\":\"2020-12-07T22:56:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-interface-inc-and-encourages-investors-to-contact-the-firm-before-january-11-2021-4\\\/\"},\"wordCount\":641,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-interface-inc-and-encourages-investors-to-contact-the-firm-before-january-11-2021-4\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODA5ODE5NyMzODYwNTEyIzIwMjA2Njk=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-interface-inc-and-encourages-investors-to-contact-the-firm-before-january-11-2021-4\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-interface-inc-and-encourages-investors-to-contact-the-firm-before-january-11-2021-4\\\/\",\"name\":\"INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Interface, Inc. and Encourages Investors to Contact the Firm Before January 11, 2021 - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-interface-inc-and-encourages-investors-to-contact-the-firm-before-january-11-2021-4\/","og_locale":"en_US","og_type":"article","og_title":"INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Interface, Inc. and Encourages Investors to Contact the Firm Before January 11, 2021 - Market Newsdesk","og_description":"NEW YORK, Dec. 07, 2020 (GLOBE NEWSWIRE) &#8212; The law firm of Kirby McInerney LLP reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Eastern District of New York on behalf of those who acquired Interface, Inc. (\u201cInterface\u201d or the \u201cCompany\u201d) (NASDAQ: TILE) securities during the period from March 2, 2018\u00a0through\u00a0September 28, 2020, both dates inclusive (the \u201cClass Period\u201d). Investors have until January 11, 2021 to apply to the Court to be appointed as lead plaintiff in the lawsuit. The complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company\u2019s business, operational and compliance policies. Specifically, Defendants made false and\/or misleading statements and\/or failed to &hellip; Continue reading \"INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Interface, Inc. and Encourages Investors to Contact the Firm Before January 11, 2021\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-interface-inc-and-encourages-investors-to-contact-the-firm-before-january-11-2021-4\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-07T22:56:16+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5ODE5NyMzODYwNTEyIzIwMjA2Njk=","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\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-interface-inc-and-encourages-investors-to-contact-the-firm-before-january-11-2021-4\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-interface-inc-and-encourages-investors-to-contact-the-firm-before-january-11-2021-4\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Interface, Inc. and Encourages Investors to Contact the Firm Before January 11, 2021","datePublished":"2020-12-07T22:56:16+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-interface-inc-and-encourages-investors-to-contact-the-firm-before-january-11-2021-4\/"},"wordCount":641,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-interface-inc-and-encourages-investors-to-contact-the-firm-before-january-11-2021-4\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5ODE5NyMzODYwNTEyIzIwMjA2Njk=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-interface-inc-and-encourages-investors-to-contact-the-firm-before-january-11-2021-4\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-kirby-mcinerney-llp-reminds-investors-that-a-class-action-lawsuit-has-been-filed-against-interface-inc-and-encourages-investors-to-contact-the-firm-before-january-11-2021-4\/","name":"INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Interface, Inc. and Encourages Investors to Contact the Firm Before January 11, 2021 - 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