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SAN DIEGO, April 20, 2021 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in JELD-WEN Holding, Inc. (NYSE: JELD) shares.
Investors, who purchased shares of JELD-WEN Holding, Inc. (NYSE: JELD) in January 2017 or earlier and continue to hold any of those NYSE: JELD shares, have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
On February 19, 2020, a lawsuit was filed against JELD-WEN Holding, Inc. over alleged Securities Laws Violations. The plaintiff alleged that Jeld-Wen stated that its products, including doors, compete against those of other manufacturers based on price, and described the market in which the Company sells its doors as "highly competitive", that the Company also repeatedly attributed its strong margins and anticipated margin growth to legitimate business factors, such as "strategic pricing decisions" and an increased emphasis on "pricing optimization", that these and similar statements made by Defendants between January 26, 2017 and October 15, 2018 were false and misleading because Defendants knew that Jeld-Wen was engaged in a price-fixing conspiracy, and that as a result of Defendants' misrepresentations, shares of Jeld-Wen's common stock traded at artificially inflated prices between January 26, 2017 and October 15, 2018.
On June 22, 2020, a consolidated complaint was filed, and the defendants filed their motions to dismiss the consolidated complaint on July 29, 2020.
On October 26, 2020, the court denied the defendants’ motion to dismiss the case.
On January 19, 2021, a motion was filed for class certification and the court granted the motion for class certification on March 29, 2021.
Those who purchased JELD-WEN Holding, Inc. (NYSE: JELD) shares should contact the Shareholders Foundation, Inc.
Shareholders Foundation, Inc.
+1 (858) 779-1554
3111 Camino Del Rio North
San Diego, CA 92108
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.