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Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until January 14, 2020 to file lead plaintiff applications in a securities class action lawsuit against Armstrong Flooring, Inc. (NYSE: AFI).
Armstrong and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On November 5, 2019, pre-market, the Company disclosed a range of negative financial information including 3Q2019 net sales of $165.6 million, a nearly 21% decline year-over-year, a net loss of $31.4 million, and a cut to its full year 2019 guidance for adjusted EBITDA from prior range of $46 million to $54 million to a range of $20 million to $25 million.
On this news, the price of Armstrong’s shares plummeted.
If you purchased securities of Armstrong and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (email@example.com), or fill out the form on this page.
The case is Chupa v. Armstrong Flooring, Inc., 2:19-cv-09840. Click here to read the case complaint.