{"id":390112,"date":"2020-11-30T20:03:05","date_gmt":"2020-12-01T01:03:05","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=390112"},"modified":"2020-11-30T20:03:05","modified_gmt":"2020-12-01T01:03:05","slug":"jeld-wen-alert-bragar-eagel-squire-p-c-announces-the-shareholder-class-action-against-jeld-wen-holding-inc-survives-motion-to-dismiss-and-encourages-long-term-investors-to-contact-the-firm-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/jeld-wen-alert-bragar-eagel-squire-p-c-announces-the-shareholder-class-action-against-jeld-wen-holding-inc-survives-motion-to-dismiss-and-encourages-long-term-investors-to-contact-the-firm-2\/","title":{"rendered":"JELD-WEN ALERT: Bragar Eagel &amp; Squire, P.C. Announces the Shareholder Class Action Against Jeld-Wen Holding, Inc. Survives Motion to Dismiss and Encourages Long-term Investors to Contact the Firm"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">NEW YORK, Nov.  30, 2020  (GLOBE NEWSWIRE) &#8212; Bragar Eagel &amp; Squire, P.C., a nationally recognized shareholder rights law firm, announces that the Shareholder Class Action Against Jeld-Wen Holdings, Inc. (NYSE: JELD) has survived the motions to dismiss in the pending securities class action and may face damages. Long-term investors are encouraged to contact the firm.<\/p>\n<p align=\"justify\">According to the securities class action complaint, throughout the Class Period defendants engaged in a scheme to defraud and made materially false and misleading statements, as well as failed to disclose material adverse facts, regarding the Company\u2019s business, operations, growth prospects, and competitive positioning. Specifically, defendants stated that Jeld-Wen products, including doors, compete against other manufacturers on price, and described the market in which the Company sells its doors as \u201chighly competitive.\u201d Defendants also attributed Jeld-Wen\u2019s strong margins and anticipated margin growth to legitimate business factors, such as \u201cmaking strategic pricing decisions based on an analysis of customer and product level profitability\u201d and increasing its emphasis on \u201cpricing optimization.\u201d 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\u2019 misrepresentations, shares of Jeld-Wen\u2019s common stock traded at artificially inflated prices throughout the Class Period. On October 26, 2020, U.S. District Judge John A. Gibney, Jr. denied defendants\u2019 motions to dismiss plaintiffs\u2019 claims, finding that plaintiffs had plausibly alleged securities fraud claims.<\/p>\n<p align=\"justify\">If you are a long-term stockholder of Jeld-Wen, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker, Melissa Fortunato, or Marion Passmore by email at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=DzPPKFWxavtfx2OGUxnL9C6naXoUpu1pel4RA7vWjGzUW9HzhBYaeeP-LrqEO6eblhVOjlQe5P3Jbyd9fl0Wx02MvA_1J1WE6wwvLRJ8p3I=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">investigations@bespc.com<\/a>, or telephone at (212) 355-4648, or by <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=xYS61LBd_znTALEB0VYHDinkyfBxHMO20VQjQqvwChU_A5CfHlXQRI6wvsCA67bMi5TF2tCC3m80-eZ2vBhgi_QQOCcFD3zrbDVONlVvye8=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">filling out this contact form<\/a>. There is no cost or obligation to you.<\/p>\n<p>\n        <strong>About Bragar Eagel &amp; Squire, P.C.:<\/strong><br \/>\n        <br \/>Bragar Eagel &amp; Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=SuP-YpCOSSe2xqqnL2hVvFP2ZTTn9232_eHkO-PAfisfDhxspbQBucHoj2riHO1aKi0D521lxAtP2aSluEfeNQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>www.bespc.com<\/u><\/a>. Attorney advertising. Prior results do not guarantee similar outcomes.<\/p>\n<p>\n        <strong>Contact Information:<\/strong><br \/>\n        <br \/>Bragar Eagel &amp; Squire, P.C.<br \/>Brandon Walker, Esq. <br \/>Melissa Fortunato, Esq.<br \/>Marion Passmore, Esq. <br \/>(212) 355-4648<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=DzPPKFWxavtfx2OGUxnL9C6naXoUpu1pel4RA7vWjGzUoq7MlyQmU3MHDGRYvvXFToeM3im4XN7PJ898Mc1zngn3fB5-06mDM0c0QPrGgJI=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>investigations@bespc.com<\/u><\/a><br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=SuP-YpCOSSe2xqqnL2hVvAgXJWDAflicsUCv6I6FSGBzWY596DgxziNmxPLdpAID3AAJD6Q0ytN25tlPXkPdRA==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>www.bespc.com<\/u><\/a><\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5NDA0NyMzODQ4OTcwIzIxMDAzOTg=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/919bd204-9da7-4571-92ff-55039600b066\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, Nov. 30, 2020 (GLOBE NEWSWIRE) &#8212; Bragar Eagel &amp; Squire, P.C., a nationally recognized shareholder rights law firm, announces that the Shareholder Class Action Against Jeld-Wen Holdings, Inc. (NYSE: JELD) has survived the motions to dismiss in the pending securities class action and may face damages. Long-term investors are encouraged to contact the firm. According to the securities class action complaint, throughout the Class Period defendants engaged in a scheme to defraud and made materially false and misleading statements, as well as failed to disclose material adverse facts, regarding the Company\u2019s business, operations, growth prospects, and competitive positioning. Specifically, defendants stated that Jeld-Wen products, including doors, compete against other manufacturers on price, and described the market in which &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/jeld-wen-alert-bragar-eagel-squire-p-c-announces-the-shareholder-class-action-against-jeld-wen-holding-inc-survives-motion-to-dismiss-and-encourages-long-term-investors-to-contact-the-firm-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;JELD-WEN ALERT: Bragar Eagel &amp; Squire, P.C. Announces the Shareholder Class Action Against Jeld-Wen Holding, Inc. Survives Motion to Dismiss and Encourages Long-term Investors to Contact the Firm&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-390112","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>JELD-WEN ALERT: Bragar Eagel &amp; Squire, P.C. Announces the Shareholder Class Action Against Jeld-Wen Holding, Inc. Survives Motion to Dismiss and Encourages Long-term Investors to Contact the Firm - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/jeld-wen-alert-bragar-eagel-squire-p-c-announces-the-shareholder-class-action-against-jeld-wen-holding-inc-survives-motion-to-dismiss-and-encourages-long-term-investors-to-contact-the-firm-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JELD-WEN ALERT: Bragar Eagel &amp; Squire, P.C. Announces the Shareholder Class Action Against Jeld-Wen Holding, Inc. Survives Motion to Dismiss and Encourages Long-term Investors to Contact the Firm - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, Nov. 30, 2020 (GLOBE NEWSWIRE) &#8212; Bragar Eagel &amp; Squire, P.C., a nationally recognized shareholder rights law firm, announces that the Shareholder Class Action Against Jeld-Wen Holdings, Inc. (NYSE: JELD) has survived the motions to dismiss in the pending securities class action and may face damages. Long-term investors are encouraged to contact the firm. According to the securities class action complaint, throughout the Class Period defendants engaged in a scheme to defraud and made materially false and misleading statements, as well as failed to disclose material adverse facts, regarding the Company\u2019s business, operations, growth prospects, and competitive positioning. Specifically, defendants stated that Jeld-Wen products, including doors, compete against other manufacturers on price, and described the market in which &hellip; Continue reading &quot;JELD-WEN ALERT: Bragar Eagel &amp; Squire, P.C. Announces the Shareholder Class Action Against Jeld-Wen Holding, Inc. 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