Interface Investor Alert: Shareholder Lawsuit Filed

Boston, Massachusetts--(Newsfile Corp. - December 22, 2020) - The Thornton Law Firm announces that a class action lawsuit has been filed on behalf of investors of Interface, Inc. (NASDAQ: TILE). Investors who purchased TILE stock or other securities between March 2, 2018 and September 28, 2020 may contact the Thornton Law Firm to obtain a copy of the complaint or to discuss the lead plaintiff process. Interested investors are encouraged to visit: Investors may email or call 617-531-3917. Interested Interface investors have until January 11, 2021 to apply to be a lead plaintiff.


The case alleges that Interface and its senior executives made misleading statements to investors and failed to disclose that: (i) Interface had inadequate disclosure controls and procedures and internal control over financial reporting; (ii) consequently, Interface, among other things, reported artificially inflated income and earnings per share in 2015 and 2016; and (iii) Interface and certain of its employees were under investigation by the SEC with respect to the foregoing issues since at least November 2017, had impeded the SEC's investigation, and had downplayed the true scope of Interface's wrongdoing and liability with respect to the investigation. When the public was made aware of the SEC's investigation, Interface's stock price declined more than 8%, allegedly damaging investors.


The lawsuit alleges violations of the federal securities laws. The Private Securities Litigation Reform Act of 1995 allows any investor who purchased the securities at issue in the case during the Class Period to seek appointment as a lead plaintiff in the lawsuit. A lead plaintiff acts on behalf of all other investor class members in managing the class action and can select a law firm of their choice to litigate the lawsuit. Serving as a lead plaintiff does not impact an investor's share in any potential recovery. Investors do not need to be a lead plaintiff to be a member of the class. If investors choose to take no action, they can remain an absent class member. Interested Interface investors have until January 11, 2021 to apply to be a lead plaintiff. The class has not yet been certified. Until certification occurs, investors are not represented by an attorney.

Thornton Law Firm's securities attorneys are highly experienced in representing investors in recovering damages caused by violations of the securities laws. Its attorneys have established track records litigating securities cases in courts throughout the country and recovering losses on behalf of investors. This may be considered Attorney Advertising in some jurisdictions. Prior results do not guarantee or predict a similar outcome with respect to any future matter.


Thornton Law Firm LLP
1 Lincoln Street
State Street Financial Center
Boston, MA 02111

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