TNC Stock Drop: Tennant Company Investors with Losses Notified of Rights in Pending Securities Fraud Investigation After Stock Plummeted 23% Accessibility StatementSkip Navigation BFA Law is investigating Tennant Company after its stock plummeted 23% due to issues with its ERP system, potentially violating federal securities laws. Tennant manufactures industrial cleaning equipment, including large mechanical floor scrubbers and sweepers used in warehouses, retail stores, and other commercial facilities. BFA ...

Core Viewpoint - Tennant Company is under investigation for potential violations of federal securities laws related to misleading statements about its ERP system rollout, which led to significant operational disruptions and a substantial stock price drop [1][3][4]. Group 1: Investigation Details - Bleichmar Fonti & Auld LLP is investigating Tennant for possibly making false statements regarding the implementation of a large-scale ERP system, claiming it was "on time and on budget" while the reality was different [3]. - The investigation focuses on whether Tennant misled investors about the success of the ERP launch in the Asia-Pacific region and the overall stability of operations [3]. Group 2: Financial Impact - Following the ERP system rollout in North America, Tennant experienced severe operational disruptions, resulting in an estimated loss of $30 million in sales and an increased remediation cost of over $20 million for 2026, compared to the planned $5 million [3]. - The stock price of Tennant dropped by $19.28 per share, a decline of more than 23%, from $82.30 on February 23, 2026, to $63.02 on February 24, 2026 [4]. Group 3: Company Background - Tennant Company specializes in manufacturing industrial cleaning equipment, including mechanical floor scrubbers and sweepers used in various commercial settings [2].

NEW YORK, March 20, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Tennant Company (NYSE:TNC) for potential violations of the federal securities laws. If you invested in Tennant, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/tennant-company-class-action-lawsuit. Key Details of the Tennant ($TNC) Class Action Investigation: Investigation Overview: Securities fraud related to Tennant’s implementati ...

Core Viewpoint - Tennant Company is under investigation for potential securities fraud following a significant stock drop of 23% due to issues with its ERP system implementation [1][3][6]. Group 1: Investigation Details - Bleichmar Fonti & Auld LLP is leading the investigation into Tennant Company for possible violations of federal securities laws [2]. - The investigation focuses on whether Tennant made false and misleading statements regarding the rollout of its ERP system, claiming it was "on time and on budget" and that the launch in the Asia-Pacific region was "successful" [3][6]. Group 2: Stock Performance - On February 24, 2026, Tennant's stock price fell from $82.30 to $63.02 per share, marking a decline of $19.28 per share, which is a 23.4% drop [4][6]. - The company reported a loss of approximately $30 million in sales due to operational disruptions caused by the ERP system, with an additional $20 million needed for remediation in 2026, significantly higher than the planned $5 million [3][4]. Group 3: Company Background - Tennant Company specializes in manufacturing industrial cleaning equipment, including mechanical floor scrubbers and sweepers for commercial facilities [2].