A law office recently announced that it filed a securities class action lawsuit against the leaders of an exterior building product company due to potential securities law violations.
Law firm Robbins Geller Rudman and Dowd, LLP, noted that the litigation was filed in the U.S. District Court for the Southern District of New York against Ply Gem Holdings, Inc. This includes all shareholders who purchased stock during the company's initial public offering on May 22, 2013.
The allegations in the lawsuit center around the company violating the Securities Act of 1933. This is because the company's Form S-1 Registration Statement – filed with the Securities and Exchange Commission – may not have contained information that would have made the company's finances accurate.
It is an option for shareholders to apply for the lead plaintiff position in the case, but they will need to file all paperwork needed by the court within 60 days of the filing date. This is not a mandatory action for all shareholders, and it is still an option to remain an absent class member and collect in the event of a financial return.
For those stockholders who want to learn more about how the lawsuit may affect their rights or interests, or they have other questions related to the lawsuit, it is possible to discuss these matters with the law office. The best people to speak with are David Rosenfeld or Samuel Rudman, and both can be reached by telephone or email. Additionally, it is an option to view the complaint on the law office's website.
Second lawsuit filed
Another law firm noted that it filed litigation against Ply Gem Holdings in the same court for many of the aforementioned reasons.
Law office Gainey McKenna and Egleston released a statement that the class action lawsuit was filed to not only point out that there may have been an issue with the SEC filing, but that Ply Gem Holdings did not clearly note what issues were present regarding its relationship with Home Depot, specifically regarding an inventory buy back.
Any shareholders who want more information on the case, or have questions about how the process may personally affect them, speaking with this law firm is an option. Both Gregory Egleston and Thomas McKenna are available to be contacted by telephone or email.