Doormaker's Investors Win Cert. In Suit Over Antitrust Scheme

By Matthew Perlman (March 30, 2021, 5:47 PM EDT) -- A Virginia federal court has certified a class of investors alleging that doormaker Jeld-Wen Inc. manipulated its stock price by concealing that it had violated antitrust law through an anti-competitive merger and other conduct.

U.S. District Judge John A. Gibney Jr. issued an order Monday certifying a class of Jeld-Wen investors and appointing Robbins Geller Rudman & Dowd LLP and Labaton Sucharow LLP to serve as class counsel, with Cohen Milstein Sellers & Toll PLLC serving as liaison counsel.

The judge said in an opinion for the order that among Jeld-Wen's arguments against certification was that an October 2018 announcement contained no...

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