The Law Offices of Frank R. Cruz announces an investigation of Interface, Inc. (“Interface” or the “Company”) (NASDAQ: TILE) on behalf of investors concerning the Company’s possible violations of federal securities laws.
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On September 28, 2020, the U.S. Securities and Exchange Commission (“SEC”) announced that Interface and two of its former executives had been charged with accounting and disclosure violations. According to the SEC’s press release, “in multiple quarters in 2015 and 2016, the company made unsupported, manual accounting adjustments that were not compliant with GAAP.”
On this news, the Company’s share price fell sharply during intraday trading on September 29, 2020.
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