Mohawk Industries Named in Class-Action Lawsuit
Chattanooga, TN, July 10, 2020-A class-action lawsuit filed against Mohawk by the Public Employees Retirement System of Mississippi has negatively impacted the company’s stock value by 20%; according to analyst Stifel, the suit, “alleged among other things that Mohawk executives engaged in a scheme to ‘channel stuff’ its Conventional Flooring Products in an effort to make the company’s sales growth and performance appear far better than they were.”









