JELD-WEN Holding, Inc.
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Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of JELD-WEN Holding, Inc. (NYSE: JELD) from January 26, 2017 through October 15, 2018 (the “Class Period”). The lawsuit seeks to recover damages for JELD-WEN Holding, Inc. investors under the federal securities laws.
If you bought JELD-WEN Holding, Inc. securities between January 26, 2017 through October 15, 2018, and would like to join the action, please click “Join This Class Action,” above.
SHAREHOLDER ALERT: Zhang Investor Law Announces a Securities Class Action Lawsuit Against JELD-WEN Holding, Inc. – JELD
New York, N.Y., February 25, 2020. Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of JELD-WEN Holding, Inc. (NYSE: JELD) between January 26, 2017 and October 15, 2018, inclusive (the “Class Period”).
To join the JELD class action, go to http://zhanginvestorlaw.com/cases/jeld-wen-holding-inc/ call Sophie Zhang, Esq. toll-free at 800-991-3756 or email email@example.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU NEED NOT BE LEAD PLAINTIFF TO OBTAIN COMPENSATION.
According to the lawsuit, throughout the Class Period (1) Jeld-Wen products, including doors, compete against other manufacturers on price, and described the market in which the Company sells its doors as “highly competitive”; and (2) Jeld-Wen’s strong margins and anticipated margin growth were attributed to legitimate business factors, such as “making strategic pricing decisions based on an analysis of customer and product level profitability” and increasing its emphasis on “pricing optimization.” 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 with another door manufacturer to artificially increase or maintain prices of interior molded doors. As a result of defendants’ misrepresentations, shares of Jeld-Wen’s common stock traded at artificially inflated prices throughout the Class Period.
A class action lawsuit has already been filed. 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. If you wish to join the litigation, go to http://zhanginvestorlaw.com/cases/jeld-wen-holding-inc/ or to discuss your rights or interests regarding this class action, please contact Sophie Zhang, Esq. of Zhang Investor Law toll free at 800-991-3756 or via e-mail at firstname.lastname@example.org.
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