Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

INTERFACE INC (TILE) Class Action Lawsuit (November 2020)

Settlement

1:20cv5518 • November 12, 2020

Class Period Start

May 11, 2016

Class Period End

December 24, 2020

PSLRA Deadline

January 11, 2021

Case Allegations

10b5

Statutes of Repose

May 11, 2019

Country

United States

Court

Federal Court

Settlement Information

Please note that for cases in the settlement stage, claims are handled by the claims administrator and NOT Levi & Korsinsky. Any information or documentation previously provided to us does not constitute submission of a claim. If you need to file a claim, check the status of a claim, or have questions regarding distribution of settlement funds, please contact the claims administrator below.

Claim Deadline

September 13, 2023

Settlement Fund

$7,500,000

Settlement Status

Final Approval

Settlement Class

All persons or entities that purchased or acquired Interface common stock during the period between May 12, 2016 and September 28, 2020, inclusive.

Claim Administrator

Gilardi & Co. LLC
Interface Securities Settlement, Claims Administrator c/o Gilardi & Co. LLC, P.O. Box 301171, Los Angeles, CA 90030-1171
+1 888-760-7869
[email protected]

Hearing Date

October 19, 2023

Opt-out Deadline

August 28, 2023

Settlement Note

Download here

Proof Of Claim

Download here

Docket History

Oct 20, 2023

Final Approval of Settlement

The court has granted final approval of the settlement. Eligible investors who submit valid claims may receive a payment once the claims review and distribution process is completed.

May 26, 2023

Preliminary Approval of Settlement

The court has granted preliminary approval of a proposed settlement. This means the settlement can move forward for further consideration, but it has not yet received final approval. Potential class members will generally receive notice explaining the settlement, their rights, and any deadlines for submitting a claim, objecting to the settlement, or choosing not to participate.

May 26, 2023

Proof of Claim Form

To receive your portion of the recovery (if you are eligible), you must submit this form to the claims administrator by the deadline indicated on the form itself. If you do not submit this form in time, you will not be entitled to compensation. If you have questions about how to complete the form, you should contact the claims administrator.

May 25, 2023

Proposed Settlement

May 17, 2023

Proposed Settlement

Jan 12, 2023

Motion for Class Certification

The plaintiffs have asked the court to approve the lawsuit to proceed as a class action on behalf of a group of investors. The judge will decide whether the case meets the requirements for class certification and which investors and claims may be included.

Sep 28, 2022

Scheduling Order

Jun 6, 2022

Motion to Dismiss Denied

The court has denied the defendants' request to dismiss the lawsuit. The case can now move forward to the next stage of litigation.

Jun 16, 2021

Motion to Dismiss

After reviewing the complaint(s) filed by plaintiffs, defendants have filed a motion requesting that the court dismiss some or all of the plaintiffs' claims. In a motion to dismiss, defendants might challenge the validity of plaintiffs' claims or adequacy of plaintiffs' pleadings. Once a motion to dismiss is filed, the judge will make a decision on whether part or all of the case should be dismissed or the case can proceed as alleged.

Apr 28, 2021

First Amended Complaint

A new complaint has been filed on behalf of certain investors in INTERFACE INC. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.

Mar 15, 2021

Appointment of Lead Plaintiff

The court has appointed a lead plaintiff to represent the interests of investors in the lawsuit. The lead plaintiff works with the attorneys handling the case, helps oversee the litigation, and represents the interests of the proposed class.

Nov 12, 2020

First Filed Complaint

A securities fraud class action complaint has been filed on behalf of certain investors in INTERFACE INC.

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