Bleichmar Fonti & Auld LLP is investigating Tennant Company for potential securities fraud related to its enterprise resource planning system implementation. The investigation focuses on whether Tennant made false and misleading statements about the ERP rollout, including assurances that the project was on time and on budget and that the Asia-Pacific launch was successful. On February 24, 2026, Tennant disclosed severe operational disruptions from the North American ERP launch, causing an inability to process and ship orders, resulting in roughly $30 million in lost sales and over $20 million in remediation costs for 2026, compared to a planned $5 million. The stock fell $19.28 per share, or more than 23%, from $82.30 to $63.02. Investors are encouraged to contact the firm to discuss their rights.
Tennant CompanyTennant disclosed severe ERP disruptions causing lost sales and remediation costs, leading to a 23% stock drop and a securities fraud investigation.