Shareholder Alert: Robbins LLP Announces It Is Investigating JELD-WEN Holding, Inc. (JELD) Sued for Misleading Shareholders

SAN DIEGO & CHARLOTTE, N.C.--()--Shareholder rights law firm Robbins LLP announces that it is investigating JELD-WEN Holding, Inc. (NYSE: JELD) for alleged violations of the Securities Exchange Act of 1934 and whether the Company's officers and directors breached their fiduciary duties to shareholders. Jeld-Wen manufactures and sells doors and windows.

If you suffered a loss as a result of Jeld-Wen's misconduct, click here.

JELD-WEN Holding, Inc. (JELD) Accused of Concealing Collusive Pricing Strategy

In June 2014, an independent door manufacturer filed a lawsuit against Jeld-Wen after the Company raised its prices in its supply agreements with independent door manufacturers in response to its main competitor having stopped selling molded doors. On February 15, 2018, a jury found Jeld-Wen guilty of violations of U.S. antitrust laws and awarded the plaintiff treble damages totaling approximately $174 million. The judge also ordered the divestiture of a door skin facility Jeld-Wen had acquired as part of a prior acquisition. As a result, on October 15, 2018, Jeld-Wen revealed that the Company expected its third quarter 2018 financial results to include a $76.5 million charge related to the pending litigation. On this news, Jeld-Wen's stock price declined 19% to close at $17.28 per share and has yet to recover.

JELD-WEN Holding, Inc. (JELD) Shareholders Have Legal Options

Contact us to learn more:
Leo Kandinov
(800) 350-6003
lkandinov@robbinsllp.com
Shareholder Information Form

Robbins LLP is a nationally recognized leader in shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested. Click Here to receive free alerts from Stock Watch when companies engage in wrongdoing.

Attorney Advertising. Past results do not guarantee a similar outcome.

Contacts

Leo Kandinov
Robbins LLP
5040 Shoreham Place
San Diego, CA 92122
lkandinov@robbinsllp.com
(619) 525-3990 or Toll Free (800) 350-6003
www.robbinsllp.com

$Cashtags

Contacts

Leo Kandinov
Robbins LLP
5040 Shoreham Place
San Diego, CA 92122
lkandinov@robbinsllp.com
(619) 525-3990 or Toll Free (800) 350-6003
www.robbinsllp.com