|[May 28, 2014]
SHAREHOLDER ALERT: Brower Piven Encourages Investors Who Have Losses in Excess of $100,000 from Investment in Ply Gem Holdings, Inc. to Contact Brower Piven Before the July 18, 2014 Lead Plaintiff Deadline
STEVENSON, Md. --(Business Wire)--
The securities litigation law firm of Brower Piven, A Professional
Corporation, announces that a class action lawsuit has been commenced in
the United States District Court for the Southern District of New York
on behalf of purchasers of Ply Gem Holdings, Inc. ("Ply Gem" or the
"Company") (NYSE: PGEM) common shares pursuant and/or traceable to the
Company's May 22, 2013 initial public offering (the "IPO").
If you have suffered a loss from investment in Ply Gem common shares
purchased pursuant and/or traceable to the Company's May 22, 2013 IPO
and would like to learn more about this lawsuit and your ability to
participate as a lead plaintiff, without cost or obligation to you,
please visit our website at http://www.browerpiven.com/currentsecuritiescases.htm.
You may also request more information by contacting Brower Piven either
by email at email@example.com
or by telephone at (410) 415-6616. Those who inquire by email are
encouraged to include their mailing address and telephone number.
No class has yet been certified in the above action. Members of the
Class will be represented by the lead plaintiff and counsel chosen by
the lead plaintiff. If you wish to choose counsel to represent you and
the Class, you must apply to be appointed lead plaintiff no later than
July 18, 2014 and be selected by the Court. The lead plaintiff will
direct the litigation and participate in important decisions including
whether to accept a settlement and how much of a settlement to accept
for the Class in the action. The lead plaintiff will be selected from
among applicants claiming the largest loss from investment in Company
units during the Class Period.
The complaint accuses the defendants of violations of the Securities Act
of 1933 by virtue of the defendants' failure to disclose in Ply Gem's
Form S-1 Registration Statement, as amended (the "Registration
Statement"), issued in connection with the IPO, that Ply Gem had agreed
to buy back certain inventory from The Home Depot, Inc. ("Home Depot")
as an accommodation related to a new supply agreement between the two
companies that required that Ply Gem initially sell Home Depot a large
volume of lower-priced, lower-margin product and that high customer
inventory was adversely affecting sales of Ply Gem's siding products in
April 2013 and May 2013.
According to the complaint, since the time of the IPO, the value of Ply
Gem shares declined significantly.
Attorneys at Brower Piven together have more than a century of
experience litigating securities and other class action cases. If you
choose to retain counsel, you may retain Brower Piven without financial
obligation or cost to you, or you may retain other counsel of your
choice. You need take no action at this time to be a member of the class.
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