{"id":412346,"date":"2021-01-11T14:05:47","date_gmt":"2021-01-11T19:05:47","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=412346"},"modified":"2021-01-11T14:05:47","modified_gmt":"2021-01-11T19:05:47","slug":"shuman-glenn-stecker-investigates-jeld-wen-holding-inc-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/shuman-glenn-stecker-investigates-jeld-wen-holding-inc-2\/","title":{"rendered":"Shuman, Glenn & Stecker Investigates JELD-WEN Holding, Inc."},"content":{"rendered":"

<\/p>\n

Shuman, Glenn & Stecker Investigates JELD-WEN Holding, Inc. <\/b><\/p>\n

DENVER–(BUSINESS WIRE<\/a>)–Shuman, Glenn & Stecker<\/a> announces that it is investigating potential claims against certain officers and directors of JELD-WEN Holding, Inc. (\u201cJELD-WEN\u201d or the \u201cCompany\u201d) (NYSE: JELD). JELD-WEN manufactures doors and windows.\n<\/p>\n

\nThe Firm\u2019s investigation relates to allegations raised in antitrust litigation against JELD-WEN, as well as a securities class action against JELD-WEN and certain of its senior officers, in the U.S. District Court for the Eastern District of Virginia. These lawsuits arise from allegations that JELD-WEN participated in a collusive price-fixing scheme with one of its major competitors.\n<\/p>\n

\nFollowing a trial in the antitrust litigation, on February 15, 2018 a jury found JELD-WEN liable for violating federal antitrust laws. Next, on October 5, 2018, the federal judge presiding over the antitrust litigation issued detailed factual findings about JELD-WEN\u2019s anticompetitive behavior and ordered JELD-WEN to divest a manufacturing facility. Then, on October 15, 2018, after previously downplaying its exposure in the antitrust litigation, JELD-WEN disclosed that it would take a $76.5 million charge related to an expected judgment in the case and the sudden resignation of its Chief Financial Officer. JELD-WEN\u2019s stock price dropped by 19% the next day.\n<\/p>\n

\nMeanwhile, the securities class action lawsuit alleges between January 26, 2017 and October 15, 2018, JELD-WEN and certain of its senior officers falsely stated publicly that JELD-WEN\u2019s products compete against those of other manufacturers based on price, and falsely described the market in which JELD-WEN sells its products as \u201chighly competitive.\u201d The lawsuit also claims JELD-WEN falsely attributed its strong margins and anticipated margin growth to legitimate business factors such as \u201cstrategic pricing decisions\u201d and an increased emphasis on \u201cpricing optimization.\u201d On October 26, 2020, the federal judge presiding over the securities class action denied the defendants\u2019 motion to dismiss the claims, paving the way for the case to proceed towards trial.\n<\/p>\n

\nIf you currently own JELD-WEN common stock and are interested in discussing your rights, or have information relating to this investigation, please contact Kip Shuman toll free at (866) 569-4531 or email Mr. Shuman at kip@shumanlawfirm.com<\/a>.\n<\/p>\n

\nShuman, Glenn & Stecker represents investors throughout the nation, concentrating its practice in stockholder litigation.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210111005945\/en\/<\/a><\/span><\/p>\n

\nSHUMAN, GLENN & STECKER
\n
Kip B. Shuman, Esq.
\n
100 Pine Street, Suite 1250
\n
San Francisco, CA 94111
\n
Tel: 866.569.4531
\n
Fax: 303.536.7849
\n
Email: kip@shumanlawfirm.com
\n<\/a>
Web: www.shumanlawfirm.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America Colorado<\/p>\n

INDUSTRY KEYWORDS:<\/b> Legal Professional Services<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

Shuman, Glenn & Stecker Investigates JELD-WEN Holding, Inc. DENVER–(BUSINESS WIRE)–Shuman, Glenn & Stecker announces that it is investigating potential claims against certain officers and directors of JELD-WEN Holding, Inc. (\u201cJELD-WEN\u201d or the \u201cCompany\u201d) (NYSE: JELD). JELD-WEN manufactures doors and windows. The Firm\u2019s investigation relates to allegations raised in antitrust litigation against JELD-WEN, as well as a securities class action against JELD-WEN and certain of its senior officers, in the U.S. District Court for the Eastern District of Virginia. These lawsuits arise from allegations that JELD-WEN participated in a collusive price-fixing scheme with one of its major competitors. Following a trial in the antitrust litigation, on February 15, 2018 a jury found JELD-WEN liable for violating federal antitrust laws. Next, on … <\/p>\n

Continue reading “Shuman, Glenn & Stecker Investigates JELD-WEN Holding, Inc.”<\/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-412346","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nShuman, Glenn & Stecker Investigates JELD-WEN Holding, Inc. - 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\/shuman-glenn-stecker-investigates-jeld-wen-holding-inc-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shuman, Glenn & Stecker Investigates JELD-WEN Holding, Inc. - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Shuman, Glenn & Stecker Investigates JELD-WEN Holding, Inc. DENVER–(BUSINESS WIRE)–Shuman, Glenn & Stecker announces that it is investigating potential claims against certain officers and directors of JELD-WEN Holding, Inc. (\u201cJELD-WEN\u201d or the \u201cCompany\u201d) (NYSE: JELD). JELD-WEN manufactures doors and windows. The Firm\u2019s investigation relates to allegations raised in antitrust litigation against JELD-WEN, as well as a securities class action against JELD-WEN and certain of its senior officers, in the U.S. District Court for the Eastern District of Virginia. These lawsuits arise from allegations that JELD-WEN participated in a collusive price-fixing scheme with one of its major competitors. Following a trial in the antitrust litigation, on February 15, 2018 a jury found JELD-WEN liable for violating federal antitrust laws. 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