Recent Security Class Actions

Armstrong Flooring Inc. Common Stock (NYSE: AFI)

Company Name:Armstrong Flooring Inc. Common Stock
Stock Symbol:NYSE: AFI
Class Period Start:03/06/2018
Class Period End (inclusive):03/03/2020
Filing Deadline:01/14/2020

According to the Complaint, Armstrong Flooring manufactures and sells resilient and wood flooring products primarily used in the construction and renovation of commercial, residential, and institutional buildings.

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, the Complaint alleges Defendants failed to disclose to investors: (1) that the Company had engaged in channel stuffing to artificially boost sales; (2) that the Company's internal control over inventory levels was not effective; and (3) 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.