2020-07-09 11:24:00 | Mohawk tells Bloomberg does not comment on pending litigationShailesh Bettadapur, a treasurer at Mohawk Industries, told Bloomberg, "As a rule, we do not comment on pending litigation, and don't have a comment now." A shareholder complaint filed against Mohawk in late June alleges the company "fabricated" revenue through "fictitious sales" of products that were not delivered to customers, Bloomberg points out. Shares of Mohawk are down 20.5%, or $18.75, to $72.59 in late morning trading. | |
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