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Tennant faces securities fraud probe after ERP system issues caused a 23% stock plunge.

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

Tennant Company is under investigation by law firm Bleichmar Fonti & Auld for potential securities fraud related to problems with its new enterprise resource planning (ERP) system. The company had previously assured investors that the ERP rollout was on schedule and successful, but in February 2026, it revealed severe disruptions in North America that led to a $30 million sales loss and increased remediation costs. This disclosure caused Tennant's stock to drop over 23%. Investors who suffered losses may have legal options and are encouraged to contact the law firm for representation.

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