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Law firm investigates Tennant for securities law violations after ERP rollout causes $30M sales loss.

Market News
16 Jul 2026
GlobeNewsWire
View Source
Bearish
pluang ai news

Lowey Dannenberg, P.C. is investigating Tennant Company for potential federal securities law violations following the company's disclosure that its new ERP system rollout in North America caused major operational disruptions. These issues led to a $30 million loss in sales and increased remediation costs from $5 million to over $20 million in 2026. The company had previously assured investors the project was on track and stable, but the revelation caused Tennant's stock to drop over 23%. Investors who suffered losses are encouraged to check their eligibility for legal action through Lowey Dannenberg.

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