The allegations include fabricating revenues by attempting delivery to customers that were closed and recognizing these attempts as sales and overproduced product to report higher operating margins and maintained significant inventory that was not salable, according to its regulatory filing.
Mohawk also said in the filing that it has received subpoenas issued by the US Attorney's Office for the Northern District of Georgia and the US Securities and Exchange Commission on topics similar to those raised by the lawsuit and is cooperating with those authorities.
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