Invested in
Interface?
- Did you acquire shares of Interface, Inc. (NASDAQ: TILE) in or before May 2016 and do you still hold your Interface shares?
- Are you concerned about the recent performance of Interface’s stock price?
- Are you concerned about the conduct of Interface’s officers and directors related to Interface’s allegedly deficient internal controls over financial reporting and subsequent investigation by the Securities and Exchange Commission (“SEC”)?
- Would you like your potential options and claims to be reviewed by an experienced team of investor attorneys?
Request a free case evaluation of your potential claims for compensation today, via email at arosca@rscounsel.law, through the contact form on this page, or by calling 888-998-0530.
Contact Us About Your
Investments
Free Case Evaluation
The Interface Class Action Investigation page is the resource for long-term shareholders of Interface who would like to evaluate potential compensation claims.
- Free Case Evaluation
- No Fees if No Recovery
- Contact Us Today
We can also do a Zoom call to discuss your matter.
Posted August 16, 2023
Interface Class Action Investigation
Securities attorneys Alan Rosca, Paul Scarlato, and Kathryn Weidner have been investigating potential securities violations and corporate misconduct, as well as questionable business practices involving Interface and have identified potential areas of concern for Interface investors.
What Interface Investors May Do
TILE investors interested in an evaluation of their potential options to seek compensation and/or pursue claims related to their Interface investment may contact investor rights attorneys Alan Rosca, Paul Scarlato, or Kathryn Weidner. Claims that are not timely pursued may expire or otherwise be lost, generally speaking.
Get in Touch with an Experienced Team of Investor Attorneys
Attorneys Rosca, Scarlato, and Weidner have extensive experience in seeking compensation related to investor harm and pursuing claims arising out of alleged violations of securities law and/or corporate misconduct, and are currently evaluating potential claims on behalf of investors in Interface, Inc.
They typically work on a contingent fee basis, do not require any money down from their clients, advance case expenses, and only get paid for their fees and expenses if and when successful, following review and approval by the Court of any fee application.
Concerned TILE stock investors may contact attorneys Alan Rosca, Paul Scarlato, or Kathryn Weidner to discuss their potential options toll free at 888-998-0530, via email at arosca@rscounsel.law, or through the contact form on this webpage.
Potential Compensation Claims
Has Interface Been Accused of Misconduct?
Interface and its control persons, have been the subject of a class action lawsuit, filed in the United States District Court for the Eastern District of New York in November 2020.
Interface and its control persons were accused in that class action lawsuit of, among others, violating securities laws by allegedly making materially false and/or misleading statements and failing to disclose materially adverse facts that allegedly caused Interface’s stock to trade at artificially inflated prices. According to the amended complaint, Interface, and its current and former executives allegedly misrepresented company’s earnings per share (“EPS”) while repeatedly assuring investors of effectiveness of Interface’s internal controls over financial reporting.
Were There Problems with Interface’s Financial Reporting?
According to the amended class action complaint, Interface, through its control persons, allegedly reported inaccurate quarterly and year end EPS that falsely reflected earnings growth, the complaint states. The company allegedly manually adjusted metrics such as management bonus accruals, expenses related to the Consultant, and stock-based compensation arrangements that lacked any support and did not comply with GAAP, the complaint alleges. As a result, Interface allegedly created the false appearance of meeting or beating consensus analyst estimates.
What Happened to Interface’s Executives?
Unbeknownst to investors, starting November 2017, Interface has been the subject of an information request and several subsequent subpoenas from SEC in connection with the company’s reported EPS, the amended class action complaint alleges. Interface allegedly informed investors of the securities regulator’s inquiry in April 2019, when it disclosed that in addition to receiving the subpoenas, “the Company conducted at the SEC’s request an internal investigation into these and other related issues for seven quarters in 2015, 2016 and 2017.”
Do Interface Shareholders Have Claims for Compensation?
Investor rights attorneys Alan Rosca, Paul Scarlato, and Kathryn Weidner at Rosca Scarlato are investigating potential options and evaluating potential claims for compensation and/or other redress on behalf of Interface long-term shareholders whose share value dropped following the alleged defective internal controls over Interface’s financial reporting. The Rosca Scarlato attorneys have decades of combined experience representing victims of corporate or financial misconduct.
If you are an Interface investor who has held TILE shares since May 2016 or earlier and are concerned about the drop in the value of your investment, you may contact attorneys Alan Rosca, Paul Scarlato, or Kathryn Weidner to learn more about your rights and for an evaluation of your potential claims, or to provide useful information.
All consultations are free. The Rosca Scarlato attorneys typically take cases like this on a contingency fee basis, advance all case costs, and only get paid for their fees and expenses if and when they are successful, following review and approval by the Court of any fee application.
To reach attorney Alan Rosca or his colleagues, Interface investors may call 888-998-0530, email arosca@rscounsel.law, or leave a message through the contact form on this webpage.
The general considerations on this page are for informational purposes only and do not constitute legal advice. Such legal advice can only be offered once the attorneys discuss each investor’s situation, learn of the relevant facts and can tailor any advice to that investor’s facts. The Interface Class Action Investigation page is not affiliated with Interface, Inc. There has not been an adjudication on the merits of any allegations referenced in this blog post, as of the date of the posting.
Contact info:
Rosca Scarlato LLC – 216-946-7070 / 888-998-0530.
Alan Rosca – arosca@rscounsel.law
Paul Scarlato – pscarlato@rscounsel.law
Kathryn Weidner – kweidner@rscounsel.law
Recent Investigations
DISCLAIMER
In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow matters about which we report, and/or to publish subsequent updates regarding various developments that may occur in such matters. Readers are encouraged to conduct their own research regarding any such matters and any developments that may or may not have occurred in such matters. Also, the Brokercheck report linked to some of our blogs is the up-to-date version as of the date of accessing by the reader. The information in our blogs is current as of the date of the drafting of the blog, and given that sometimes certain past complaints may no longer be listed in newer Brokercheck reports, some of the events referenced in some of our blogs may later on be removed from newer Brokercheck reports. Visitors may check the most recent version of each brokercheck report at www.finra.org, and may contact FINRA for the earlier version of the Brokercheck report upon which various blogs may be based.
