LOS ANGELES, CA / ACCESSWIRE / February 29, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against JELD-WEN Holding, Inc. ("JELD-WEN" or "the Company") (NYSE:JELD) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's securities between January 26, 2017 and October 15, 2018, inclusive (the ''Class Period''), are encouraged to contact the firm before April 20, 2020.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at firstname.lastname@example.org.
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. JELD-WEN enjoyed strong margins and growth which it claimed were based on "making strategic pricing decisions based on an analysis of customer and product level profitability" and developing "pricing optimization." In fact, the Company was engaged in a price-fixing scheme with a competitor to artificially inflate pricing and margin. On October 15, 2018, the Company's CFO resigned as the anticompetitive behavior became public. Based on these facts, the Company's public statements were false and materially misleading. When the market learned the truth about JELD-WEN, investors suffered damages.
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The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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SOURCE: The Schall Law Firm