Ademi LLP is investigating possible securities fraud claims against Tennant (NYSE: TNC). The investigation results from inaccurate statements Tennant may have made regarding its financial statements, business operations and prospects.
The investigation focuses on disclosures Tennant made with respect to its new enterprise resource planning (ERP) system introduced during the fourth quarter, causing Tennant to experience “production disruptions during the North America ERP transition.” Tennant reported that “the transition introduced unexpected challenges that constrained operating capacity.”
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