On or around 07/29/2020 (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. Co-Lead Plaintiffs filed a consolidated Complaint on June 22.
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
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
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
In re Jeld-Wen Holding, Inc. Securities Litigation