Bleichmar Fonti & Auld LLP is investigating Tennant Company for potential securities fraud related to its enterprise resource planning system rollout. The investigation follows a 23.4% stock drop on February 24, 2026, after Tennant disclosed severe operational disruptions from its North American ERP launch, including an inability to process and ship customer orders. The company reported losing roughly $30 million in sales and expects to spend more than $20 million on remediation in 2026, compared to a planned $5 million. The stock fell $19.28 per share, from $82.30 to $63.02. Investors who lost money are encouraged to contact the firm.
Tennant CompanyERP system rollout failure caused severe operational disruptions, lost sales, and remediation costs.