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LAWSUIT ALERT - Andrews & Springer LLC Announces That A Class Action Has Been Filed Against Ply Gem Holdings, Inc. - PGEM

/EIN News/ -- WILMINGTON, Del., March 12, 2018 (GLOBE NEWSWIRE) -- Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, announces that a class action lawsuit has been filed by another law firm on behalf of shareholders of Ply Gem Holdings, Inc. (NYSE:PGEM) (“Ply Gem” or the “Company”) for possible corporate misconduct and breach of fiduciary duty.

A copy of the complaint is available from the Court or from Andrews & Springer LLC. If you currently own shares of Ply Gem and want to receive additional information and protect your investments free of charge, please visit us at http://www.andrewsspringer.com/cases-investigations/ply-gem-class-action-investigation/ or contact Craig J. Springer, Esq. at cspringer@andrewsspringer.com, or call toll free at 1-800-423-6013. You may also follow us on LinkedIn – www.linkedin.com/company/andrews-&-springer-llc, Twitter – www.twitter.com/AndrewsSpringer or Facebook - www.facebook.com/AndrewsSpringer for future updates.

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. 

On January 31, 2018, Ply Gem and Clayton, Dubilier & Rice (“CD&R”), a private equity firm, announced the signing of a definitive merger agreement pursuant to which CD&R will acquire Ply Gem in a merger worth $2.4 billion (the “Merger”). As a result of the merger, Ply Gem’s shareholders are only anticipated to receive $21.64 per share in cash in exchange for each share of Ply Gem.

A Ply Gem shareholder represented by another law firm has filed a class action complaint against Ply Gem for breach of fiduciary duty.  The complaint was filed in the Delaware Court of Chancery, Case No. 2018-0151-AGB.

According to the lawsuit, on February 14, 2018, defendants filed a preliminary information statement (the “Proxy”) with the United States Securities and Exchange Commission (“SEC”) in connection with the Merger.

The Proxy omits material information with respect to the Merger, which renders the Proxy false and misleading. Accordingly, plaintiff seeks that the Merger should be enjoined until defendants disclose more information to stockholders.

If you own shares of Ply Gem and want to receive additional information and protect your investments free of charge, please visit us at http://www.andrewsspringer.com/cases-investigations/ply-gem-class-action-investigation/ or contact Craig J. Springer, Esq. at cspringer@andrewsspringer.com, or call toll free at 1-800-423-6013. You may also follow us on LinkedIn – www.linkedin.com/company/andrews-&-springer-llc, Twitter – www.twitter.com/AndrewsSpringer or Facebook - www.facebook.com/AndrewsSpringer for future updates. 

Andrews & Springer is a boutique securities class action law firm representing shareholders nationwide who are victims of securities fraud, breaches of fiduciary duty or corporate misconduct. Having formerly defended some of the largest financial institutions in the world, our founding members use their valuable knowledge, experience, and superior skill for the sole purpose of achieving positive results for investors. These traits are the hallmarks of our innovative approach to each case our Firm decides to prosecute. For more information please visit our website at www.andrewsspringer.com. This notice may constitute Attorney Advertising.

Contact:    Craig J. Springer, Esq.
                  cspringer@andrewsspringer.com
                  Toll Free: 1-800-423-6013

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