{"id":888437,"date":"2025-09-22T14:09:27","date_gmt":"2025-09-22T18:09:27","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-quanex-building-products-corporation-nx\/"},"modified":"2025-09-22T14:09:27","modified_gmt":"2025-09-22T18:09:27","slug":"gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-quanex-building-products-corporation-nx","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-quanex-building-products-corporation-nx\/","title":{"rendered":"Gainey McKenna & Egleston Announces A Class\u00a0Action Lawsuit Has Been Filed Against Quanex Building Products Corporation (NX)"},"content":{"rendered":"
\n

NEW YORK, Sept. 22, 2025 (GLOBE NEWSWIRE) — Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Southern District of Texas on behalf of all persons or entities who purchased or otherwise acquired Quanex Building Products Corporation (\u201cQuanex\u201d or the \u201cCompany\u201d) (NYSE: NX) securities between December 12, 2024 and September 5, 2025, inclusive (the \u201cClass Period\u201d).<\/p>\n

The Complaint alleges that Defendants failed to disclose to investors: (1) the Company\u2019s procedures and policies regarding tooling and equipment maintenance in its Tyman Mexico facility were significantly \u201cunderinvested\u201d; (2) as a result, the Company\u2019s tooling and equipment conditions had significantly degraded to near \u201ccatastrophic\u201d levels; (3) that, as a result of the foregoing, the Company was likely to incur significant costs, \u201cpushing out the timing\u201d of expected benefits from the Tyman integration; (4) that Quanex had previously identified the foregoing issues; and (5) that, as a result of the foregoing, Defendants\u2019 positive statements about the Company\u2019s business, operations, and prospects were materially misleading and\/or lacked a reasonable basis.<\/p>\n

Investors who purchased or otherwise acquired shares of Quanex should contact the Firm prior to the November 18, 2025<\/u><\/strong> lead plaintiff motion deadline. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to discuss your rights or interests regarding this class action, please contact Thomas J. McKenna, Esq. or Gregory M. Egleston, Esq. of Gainey McKenna & Egleston at (212) 983-1300, or via e-mail at tjmckenna@gme-law.com<\/a> or gegleston@gme-law.com<\/a>.<\/p>\n

Please visit our website at http:\/\/www.gme-law.com<\/a> for more information about the firm.<\/p>\n

\"\"
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<\/div>\n","protected":false},"excerpt":{"rendered":"

NEW YORK, Sept. 22, 2025 (GLOBE NEWSWIRE) — Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Southern District of Texas on behalf of all persons or entities who purchased or otherwise acquired Quanex Building Products Corporation (\u201cQuanex\u201d or the \u201cCompany\u201d) (NYSE: NX) securities between December 12, 2024 and September 5, 2025, inclusive (the \u201cClass Period\u201d). The Complaint alleges that Defendants failed to disclose to investors: (1) the Company\u2019s procedures and policies regarding tooling and equipment maintenance in its Tyman Mexico facility were significantly \u201cunderinvested\u201d; (2) as a result, the Company\u2019s tooling and equipment conditions had significantly degraded to near \u201ccatastrophic\u201d levels; (3) that, as a result … <\/p>\n

Continue reading “Gainey McKenna & Egleston Announces A Class\u00a0Action Lawsuit Has Been Filed Against Quanex Building Products Corporation (NX)”<\/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-888437","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nGainey McKenna & Egleston Announces A Class\u00a0Action Lawsuit Has Been Filed Against Quanex Building Products Corporation (NX) - 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\/gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-quanex-building-products-corporation-nx\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gainey McKenna & Egleston Announces A Class\u00a0Action Lawsuit Has Been Filed Against Quanex Building Products Corporation (NX) - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, Sept. 22, 2025 (GLOBE NEWSWIRE) — Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Southern District of Texas on behalf of all persons or entities who purchased or otherwise acquired Quanex Building Products Corporation (\u201cQuanex\u201d or the \u201cCompany\u201d) (NYSE: NX) securities between December 12, 2024 and September 5, 2025, inclusive (the \u201cClass Period\u201d). 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