Georgia-based flooring manufacturer Mohawk Industries disclosed it does not expect to face enforcement from the Securities and Exchange Commission (SEC) regarding allegations of violations of securities laws raised in a class-action lawsuit that the company agreed to pay $60 million to settle.
Mohawk, in a quarterly filing Friday, said it was informed by the SEC in writing on Sept. 6 that the agency did not intend to recommend an enforcement action against the company regarding the matter. Mohawk was also subpoenaed by the U.S. Attorney’s Office for the Northern District of Georgia; the company said it was unaware of any further investigation by the office.
