GlobeNewswire Inc | Nov 17, 2020 03:22PM EST

November 17, 2020

NEW YORK, Nov. 17, 2020 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP announces that a federal securities class action lawsuit has been filed in the United States District Court for the Eastern District of New York on behalf of those who purchased or acquired the securities of Interface, Inc. (Interface or the Company) (NYSE: TILE) during the period from March 2, 2018 through September 28, 2020, both dates inclusive (the Class Period).

All investors whopurchasedshares ofagainst of Interface, Inc.and incurred losses areurgedto contact the firm immediately at classmember@whafh.com or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action or join the caseon our website, www.whafh.com.

If you have incurred losses in the shares of Interface, Inc., youmay,nolater than January 11, 2021, request that the Court appoint you lead plaintiff of the proposed class. Please contact Wolf Haldenstein to learn more about your rights as an investor in the shares of Interface, Inc.

CLICK HERE TO JOIN CASE

On April 24, 2019, Defendants filed a current report on Form 8-K with the U.S. Securities and Exchange Commission (SEC) disclosing that Interface received a letter in November 2017 from the [SEC]requesting that the Company voluntarily provide information and documents inconnection with an investigation into the Companys historical quarterly [EPS]calculations and rounding practices during the period 2014-2017; that [t]heCompany subsequently received subpoenas from the SEC in February 2018, July2018 and April 2019 requesting additional documents and information; and that[i]n the fourth quarter of 2018, the Company conducted at the SECs requestan internal investigation into these and other related issues for sevenquarters in 2015, 2016 and 2017.

On this news, Interfaces stock price fell $1.43 per share, or 8.37%, to close at $15.66 per share on April 25, 2019.

Then, on September 28, 2020, the SEC announced the conclusion of its investigation into Interfaces historical quarterly EPS calculations and rounding practices. Interface agreed to pay a $5 million fine to resolve the matter and was ordered to cease and desist from violating the federal securities laws. In the SECs enforcement order issued that same day, the SEC also disclosed how, inter alia, Interface employees caused Interface toproduce documents in response to Commission investigative requests that weresuggestive of contemporaneous support for journal entries that, in truth, didnot exist at the time the entries were recorded, and had modified certain documents after the SECs investigation began.

On this news, Interfaces stock price fell $0.20 per share, or 3.13%, over the following trading sessions to close at $6.18 per share on September 29, 2020.

Wolf Haldensteinhas extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.

If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein by telephone at (800) 575-0735, via e-mail at classmember@whafh.com, or visit our website at www.whafh.com.

Contact:

Wolf Haldenstein Adler Freeman & Herz LLP Kevin Cooper, Esq.Gregory Stone, Director of Case and Financial AnalysisEmail: gstone@whafh.com,kcooper@whafh.com or classmember@whafh.comTel: (800) 575-0735 or (212) 545-4774

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