The Law Offices of Frank R. Cruz Announces the Filing of a Securities Class Action on Behalf of JELD-WEN Holding Inc. Investo...
February 24 2020 - 12:00PM
Business Wire
The Law Offices of Frank R. Cruz announces that a class action
lawsuit has been filed on behalf of persons and entities that
purchased or otherwise acquired JELD-WEN Holding, Inc. (“Jeld-Wen”
or the “Company”) (NYSE: JELD) securities between January 26,
2017 and October 15, 2018, inclusive (the “Class Period”).
Jeld-Wen investors have until April 20, 2020 to file a lead
plaintiff motion.
If you are a shareholder who suffered a loss, click here to
participate.
On October 15, 2018, after the market closed, Jeld-Wen reported
a $76.5 million charge for third quarter 2018 related to ongoing
litigation concerning Jeld-Wen’s anticompetitive behavior. The
Company also announced the resignation of its Chief Financial
Officer, Brooks Mallard.
On this news, the Company’s stock price fell $4.03, or 19%, to
close at $17.28 per share on October 16, 2018, thereby injuring
investors.
The complaint alleges that defendants throughout the Class
Period made false and/or misleading statements and/or failed to
disclose: (1) that Jeld-Wen was engaged in anticompetitive conduct
through a price-fixing conspiracy with another door manufacturer to
artificially increase or maintain prices of interior molded doors;
and (2) that, as a result of the foregoing, Defendants’ statements
about the Company’s business, operations, and prospects lacked a
reasonable basis.
Follow us for updates on Twitter: twitter.com/FRC_LAW.
If you purchased Jeld-Wen securities during the Class Period,
you may move the Court no later than April 20, 2020 to ask
the Court to appoint you as lead plaintiff. To be a member of the
Class you need not take any action at this time; you may retain
counsel of your choice or take no action and remain an absent
member of the Class. If you purchased Jeld-Wen securities, have
information or would like to learn more about these claims, or have
any questions concerning this announcement or your rights or
interests with respect to these matters, please contact Frank R.
Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the
Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007,
by email to info@frankcruzlaw.com, or visit our website at
www.frankcruzlaw.com. If you inquire by email please include your
mailing address, telephone number, and number of shares
purchased.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: https://www.businesswire.com/news/home/20200224005197/en/
The Law Offices of Frank R. Cruz, Los Angeles Frank R. Cruz,
310-914-5007 fcruz@frankcruzlaw.com www.frankcruzlaw.com
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