Why Mohawk Industries Stock Dropped 11% This Morning

Why Mohawk Industries Stock Dropped 11% This Morning

Shares of flooring products manufacturer Mohawk Industries (NYSE: MHK) were pummeled this morning, falling 11.5% after the company revealed in an 8-K filing with the Securities and Exchange Commission that it is the subject of a civil lawsuit, and that it has received subpoenas from both the U.S. Attorney's Office for the Northern District of Georgia and the SEC.