BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith reminds investors of the upcoming April 20, 2020 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who 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”).
Investors suffering losses on their Jeld-Wen investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to email@example.com.
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.
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 if you meet certain legal requirements. To be a member of the class action 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 action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at www.howardsmithlaw.com.
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