Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into JELD-WEN Holding, Inc. (NYSE: JELD).
On February 15, 2018, a jury found the Company 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, the Company disclosed that it would be taking a $76.5 million charge related to an expected judgment in the case, and further announced the sudden resignation of its Chief Financial Officer.
The Company has been sued in a securities class action lawsuit for failing to disclose material information, violating federal securities laws. Recently, the court in that case denied the Company’s motion to dismiss, allowing the case to move forward.
KSF’s investigation is focusing on whether JELD-WEN’s officers and/or directors breached their fiduciary duties to JELD-WEN’s shareholders or otherwise violated state or federal laws.
If you have information that would assist KSF in its investigation, or have been a long-term holder of Microchip shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn (firstname.lastname@example.org), or fill out the form on this page.