In re PLY Gem Holdings, Inc., Securities Litigation
WELCOME TO THE PLY GEM SECURITIES LITIGATION WEBSITE
The information contained on this web page is only a summary of information presented in more detail in the Notice of Pendency and Proposed Settlement of Class Action (the “Notice”).
Because this website is just a summary, you should review the Notice for additional details.
This case, In re Ply Gem Holdings, Inc. Securities Litigation, Civil Action No.
1:14-cv-03577-JPO, brought in the United States District Court for the Southern District of New York, arises out of allegations that Defendants violated the federal securities law by allegedly failing to make required disclosures to investors regarding the effects of a 2012 supply agreement and sales of vinyl siding.
Court-appointed Lead Plaintiff, The Strathclyde Pension Fund, has reached a proposed settlement in the amount of $25,950,000.00 in cash (the “Settlement”) on behalf of the proposed Class.
The Settlement will resolve all claims against the Released Persons (as defined in the Notice) in this proposed class action.
If you are a Member of the Class, your rights will be affected and you may be eligible for a payment from the Settlement.
The Class consists of:
all persons and entities who purchased or otherwise acquired Ply Gem common shares in or traceable to the Company’s initial public offering of common stock on or about May 23, 2013 from May 23, 2013 to December 15, 2014, inclusive, except for certain persons and entities who are excluded from the Class by definition (see question 6 of the Notice) or who request exclusion pursuant to the instructions set forth in question 13 of the Notice.
Please read the Notice to fully understand your rights and options.
If you are a member of the Class, in order to be potentially eligible to receive a payment under the proposed Settlement, you must submit a Claim Form postmarked or submitted online no later than June 29, 2018. Payments to eligible claimants will be made only if the Court approves the Settlement and a plan of allocation, and only after any appeals are resolved, and after the completion of all claims processing.
Please be patient, as this process will take some time to complete.
TO BE ELIGIBLE TO RECEIVE A SHARE OF THE NET SETTLEMENT FUND IN CONNECTION WITH THE SETTLEMENT OF THIS ACTION, YOU MUST HAVE MAILED OR SUBMITTED ONLINE TO THE CLAIMS ADMINISTRATOR YOUR COMPLETED AND SIGNED CLAIM FORM BY JUNE 29, 2018.