SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces A Securities Fraud Class Action Lawsuit Has Been Filed Against JELD-WEN Holding, Inc.

WILMINGTON, DE / ACCESSWIRE / February 24, 2020 / Rigrodsky & Long, P.A.:

Do you, or did you, own shares of JELD-WEN Holding, Inc. (NYSE:JELD)?

Did you purchase your shares between January 26, 2017 and October 15, 2018, inclusive?

Did you lose money in your investment?

Rigrodsky & Long, P.A. announces that a complaint has been filed in the United States District Court for the Eastern District of Virginia, Richmond Division on behalf of all persons or entities that purchased the common stock of JELD-WEN Holding, Inc. ("JELD-WEN" or the "Company") (NYSE:JELD) between January 26, 2017 and October 15, 2018, inclusive (the "Class Period"), alleging violations of the Securities Exchange Act of 1934 against the Company and certain of its officers (the "Complaint").

To learn more about this investigation and your rights, visit: https://www.rigrodskylong.com/cases-jeld-wen-holding-inc.

If you purchased shares of JELD-WEN during the Class Period, or purchased shares prior to the Class Period and still hold JELD-WEN, and wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact Seth D. Rigrodsky or Timothy J. MacFall toll free at (888) 969-4242, by e-mail at info@rl-legal.com.

The Complaint alleges that throughout the Class Period, defendants made materially false and misleading statements, and omitted materially adverse facts, about the Company's business, operations and prospects. Specifically, the Complaint alleges that, despite the Company allegedly engaging in anti-competitive practices in violation of federal antitrust laws beginning in or about 2014, the defendants: (1) falsely represented that the Company's products, including doors, competed against other manufacturers on price; (2) falsely described the market in which the Company sells its doors as "highly competitive"; (3) falsely attributed JELD-WEN's strong margins and anticipated margin growth to changes they had made in the Company's business operations and strategies; and (4) concealed the Company's anticompetitive conduct. As a result of defendants' alleged false and misleading statements, the Company's shares traded at artificially inflated prices during the Class Period.

According to the Complaint, on October 15, 2018, after the market closed, JELD-WEN announced that the Company expected its third quarter 2018 financial results to include a $76.5 million charge related to an ongoing antitrust litigation. The Company also announced the resignation of its Chief Financial Officer, Brooks Mallard.

On this news, JELD-WEN's stock price fell over 23%, closing at $17.28 per share on October 16, 2018, on heavy trading volume.

If you wish to serve as lead plaintiff, you must move the Court no later than April 20, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Any member of the proposed class may move the court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.

Rigrodsky & Long, P.A., with offices in Delaware and New York, has recovered hundreds of millions of dollars on behalf of investors and achieved substantial corporate governance reforms in securities fraud and corporate class actions nationwide.

Attorney advertising. Prior results do not guarantee a similar outcome.

CONTACT:

Rigrodsky & Long, P.A. 
Seth D. Rigrodsky
Timothy J. MacFall
(888) 969-4242 (Toll Free)
(302) 295-5310
Fax: (302) 654-7530
info@rl-legal.com 
https://rl-legal.com

SOURCE: Rigrodsky & Long P.A.

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