Energy News / Shareholders Foundation, Inc.

NYSE: AFI Investor Alert: Lawsuit Alleges Misleading Statements by Armstrong Flooring, Inc.

Via: ReleaseWire

Updated 11:15 AM CST, Tue, December 10,2019

A lawsuit was filed on behalf of investors in Armstrong Flooring, Inc. (NYSE: AFI) shares over alleged securities laws violations.

San Diego, CA -- (SBWIRE) -- 12/10/2019 -- An investor, who purchased shares of Armstrong Flooring, Inc. (NYSE: AFI), filed a lawsuit i over alleged violations of Federal Securities Laws by Armstrong Flooring, Inc.

Investors who purchased shares of Armstrong Flooring, Inc. (NYSE: AFI) have certain options and for certain investors are short and strict deadlines running. Deadline: January 14, 2020. NYSE: AFI investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiff claims that between March 6, 2018 and November 4, 2019, the Defendants failed to disclose to investors that the Company had engaged in channel stuffing to artificially boost sales, that the Company's internal control over inventory levels was not effective, and that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

Those who purchased shares of Armstrong Flooring, Inc. (NYSE: AFI) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

For more information on this press release visit:
http://www.sbwire.com/press-releases/nyse-afi-investor-alert-lawsuit-alleges-misleading-statements-by-armstrong-flooring-inc-1267628.htm

Media Relations Contact
Michael Daniels
1-858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com