NEW YORK, July 17, 2014 (GLOBE NEWSWIRE) -- The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the Southern District of New York on behalf of investors who purchased Ply Gem Holdings, Inc. ("Ply Gem" or the "Company") (NYSE:PGEM) common stock pursuant and/or traceable to the Company's May 22, 2013 Initial Public Offering.
Click here to learn about the case: http://docs.wongesq.com/PGEM-Info-Request-Form-289. There is no cost or obligation to you.
The complaint alleges that Ply Gem's Registration Statement, and the documents referenced and incorporated therein, failed to disclose certain material events including that: (a) 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; (b) the supply agreement required that Ply Gem sell Home Depot a large volume of lower-priced, lower-margin product; (c) that Ply Gem was experiencing labor inefficiencies and other ramp-up costs associated with the initial roll out of said products to Home Depot; and (d) that high customer inventory at the end of the first quarter was adversely affecting the demand for, and sales of, Ply Gem's siding products in April 2013 and May 2013.
If you suffered a loss in Ply Gem you have until July 18, 2014 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Vincent Wong, Esq. either via email firstname.lastname@example.org, by telephone at 212.425.1140, or visit http://docs.wongesq.com/PGEM-Info-Request-Form-289.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Vincent Wong, Esq.39 East Broadway
New York, NY 10002
Source: The Law Offices of Vincent Wong