The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Armstrong Flooring, Inc. (NYSE: AFI) who purchased shares between March 6, 2018 and November 4, 2019. The action, which was filed in the United States District Court for the Central District of California, alleges that the Company violated federal securities laws.
(1) the Company had engaged in channel stuffing to artificially boost sales; (2) the Company’s internal control over inventory levels was not effective; and (3) 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
Shareholders have until January 14, 2020 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.
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