NEW YORK--(BUSINESS WIRE)--The law firm of Kirby McInerney LLP reminds investors that a class action lawsuit has been filed in the U.S. District Court for the District of Minnesota on behalf of all persons or entities who acquired Apogee Enterprises, Inc. (“Apogee” or the “Company”) (NASDAQ: APOG) securities between June 28, 2018 and September 17, 2018 (the “Class Period”). Investors have until January 4, 2019 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
According to the lawsuit, defendants failed to disclose that: (i) Apogee lacked the required labor force in place to ramp-up its production; (ii) Apogee was unable to hire, train and retain new employees; and (iii) Apogee’s productivity and margins would be negatively impacted. When the true details entered the market on September 18, 2018, Apogee stock fell $5.74 per share, or nearly 12%, from its previous closing price of $48.22 to close at $42.48 per share on September 18, 2018.
If you acquired Apogee securities, have information, or would like to learn more about these claims, please contact Thomas W. Elrod of Kirby McInerney LLP at 212-371-6600, by email at firstname.lastname@example.org, or by filling out this contact form, to discuss your rights or interests with respect to these matters without any cost to you.
Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, and whistleblower litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website: www.kmllp.com.
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