Armstrong Flooring, Inc. Securities Litigation

If you purchased a significant amount of shares of Armstrong Flooring, Inc. (NYSE: AFI), you have certain options. Investors should register for updates.

 

Lawsuit Overview

Defendant:Armstrong Flooring, Inc.
Date Filed:November 15th, 2019
Sector:Consumer Non-Durables
Industry:Plastic Products
Class Start Date:March 6th, 2018
Class End Date:November 4th, 2019

According to the Complaint, Armstrong Flooring manufactures and sells resilient and wood flooring products primarily used in the construction and renovation of commercial, residential, and institutional buildings.

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, the Complaint alleges Defendants failed to disclose to investors: (1) that the Company had engaged in channel stuffing to artificially boost sales; (2) that the Company's internal control over inventory levels was not effective; and (3) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

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First Identified Complaint

Michael Chupa, et al. v. Armstrong Flooring, Inc., et al.

Date Filed:November 15th, 2019
Class Period Start:March 6th, 2018
Class Period End:November 4th, 2019
First Identified Complaint Filings
#Document TitleFiling Date