Mohawk Industries (MHK) Provides Update on Litigation, Revises Guidance
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Mohawk Provides Litigation and Earnings Guidance Update
January 16, 2023 4:10 PM UTCCALHOUN, Ga., Jan. 16, 2023 (GLOBE NEWSWIRE) -- Mohawk Industries, Inc. (NYSE: MHK), the worlds largest floor covering manufacturer, today announced that it has entered into an agreement with plaintiffs to resolve the previously disclosed securities class action lawsuit. Mohawk and certain of its executive officers were named as defendants in this lawsuit initially filed on January 3, 2020, in the United States District Court for the Northern District of Georgia (the Securities Class Action). Mohawk believes that this Securities Class Action is without merit and that it has substantive defenses to the claims of liability and damages;... More
