The law firm said it is examining potential federal securities law violations tied to Tennant’s statements about a company-wide ERP rollout after the company disclosed major North America disruptions.
Bleichmar Fonti & Auld LLP said it is investigating Tennant Company for potential federal securities law violations tied to the implementation of its company-wide ERP system (enterprise resource planning software for core business operations). The firm said Tennant had told investors the project was “progressing as we’ve anticipated,” was “on time and on budget,” and that its Asia-Pacific launch had been “successful,” with operations “mitigated” and stabilized. On February 24, 2026, Tennant disclosed that the North America rollout caused severe operational disruptions that left it unable to process and ship customer orders. The company said the problems cost roughly $30 million in sales and would require more than $20 million in 2026 remediation spending, versus roughly $5 million previously planned. Tennant shares fell $19.28, or more than 23%, from $82.30 on February 23, 2026, to $63.02 on February 24, 2026. BFA is encouraging investors to contact the firm to discuss their rights.