ROSEN, RESPECTED INVESTOR COUNSEL, Continues its Investigation of Breaches of Fiduciary Duties by Management of JELD-WEN Holding, Inc. – JELD
February 19, 2021 at 17:00 PM EST
NEW YORK, Feb. 19, 2021 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential breaches of fiduciary duties by management of JELD-WEN Holding, Inc. (NYSE: JELD) resulting from allegations that management may have issued materially misleading business information to the investing public.
WHAT TO DO NEXT: If you currently own shares of JELD-WEN, please visit the firm’s website at https://www.rosenlegal.com/cases-register-1980.html for more information. You may also contact Phillip Kim of Rosen Law Firm toll free at 866-767-3653 or via email at email@example.com or firstname.lastname@example.org.
WHAT IS THIS ABOUT: On February 15, 2018, a jury found JELD-WEN guilty of U.S. antitrust law violations and awarded the plaintiff treble damages totaling approximately $174 million. Then, on February 28, 2018, the Company announced the sudden resignation of its President and CEO. Then, on October 15, 2018, after previously downplaying its exposure in the antitrust litigation, JELD-WEN disclosed that it would be taking a $76.5 million charge related to an expected judgment in the case and the sudden resignation of its Chief Financial Officer.
According to the amended securities fraud complaint filed against the Company, JELD-WEN and certain senior executive officers issued a series of false and misleading statements to investors intending to mislead the investing public by falsely attributing the source of the Company's financial success to legitimate and lawful pricing strategies. As further detailed in the complaint, "[i]n reality, however, Defendants were engaged in anticompetitive conduct in violation of federal antitrust laws which was artificially propping up the Company's sales and was actually the true cause of JELD-WEN's success.” Recently, the court in that case denied the Company’s motion to dismiss, allowing the case to move forward.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience or resources. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020 founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
To sign up, go to https://www.rosenlegal.com/cases-register-1980.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email email@example.com or firstname.lastname@example.org for information on the class action
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