Sufficiency Of Securities, Georgia RICO Claims Against Flooring Maker Debated

(November 16, 2022, 2:37 PM EST) -- ROME, Ga. — Dismissal of federal securities law claims against a producer and distributor of alternative flooring products and certain of its current and former senior executives and one of the company’s investors who are alleged to have operated an illegal channel-stuffing scheme is not proper because an investor has properly pleaded that the defendants issued several corrective disclosures over on two different dates, which is sufficient to establish loss causation, the investor argues in an opposition brief filed in Georgia federal court....