Simpluris Inc: If you purchased or otherwise acquired the common stock of Mohawk Industries, Inc. ("Mohawk") in the Mohawk Industries Retirement Plan 1 and/or the Mohawk Industries Retirement Plan 2 (collectively "the Plan") between April 27, 2017, and Ju
COSTA MESA, Calif., March 18, 2024 /PRNewswire/ -- Simpluris Inc. announces that a proposed settlement has been reached in a class action lawsuit known as Evans v. Mohawk Industries, Inc., Case No. N20C-01-259 KMM (the "Action"), and the Court in charge of the case is the Superior Court for the State of Delaware.
- This is a class action on behalf of all those who purchased or acquired Mohawk common stock in the Mohawk Industries Retirement Plan 1 and/or the Mohawk Industries Retirement Plan 2 (collectively "the Plan") between April 27, 2017, and July 25, 2019, (the "Class Period").
- The Plaintiff accuses Mohawk of misrepresenting important information about its financial state in violation of certain laws, including the Securities Act of 1933.
- To avoid the additional cost, disruption, uncertainty, and delay of continuing this lawsuit, the parties have agreed to a settlement.
- The money remaining in the Fund after these deductions have been made is called the Net Settlement Fund.