On or around 05/22/2020 (Date of last review)
Filing Date: February 19, 2020
According to the Complaint, Jeld-Wen Holding, Inc. is one of the largest door and window manufacturers in the world.
Throughout the Class Period, 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." 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." The Complaint alleges that these and similar statements made by Defendants during the Class Period 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 throughout the Class Period.
On May 8, 2020, the Court issued an Order appointing Co-Lead Plaintiffs and Counsel.
Company & Securities Information
Defendant: Jeld-Wen Holding, Inc.
Sector: Basic Materials
Industry: Forestry & Wood Products
Headquarters: United States
Ticker Symbol: JELD
Company Market: New York SE
Market Status: Public (Listed)
About the Company & Securities Data
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First Identified Complaint
Cambridge Retirement System, et al. v. Jeld-Wen Holding, Inc., et al.
COURT: E.D. Virginia
DOCKET #: 20-CV-00112
JUDGE: Hon. John A. Gibney, Jr.
DATE FILED: 02/19/2020
CLASS PERIOD START: 01/26/2017
CLASS PERIOD END: 10/15/2018
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Bernstein Litowitz Berger & Grossmann LLP (New New York)
Law Offices of Susan R. Podolsky
First Identified Complaint (FIC) Filings:
Complaint for Violations of the Federal Securities Laws
U.S. District Court Civil Docket
—Reference Complaint Complaint Related Data is not available
Related District Court Filings
—Related District Court Filings Data is not available