NEW YORK, June 3, 2014 (GLOBE NEWSWIRE) -- Levi & Korsinsky reminds investors 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. (NYSE:PGEM) common stock pursuant and/or traceable to the Company's May 22, 2013 initial public offering.
Click here to learn more about the action http://zlk.9nl.com/ply-gem-holdings-pgem, or call: 877-363-5972. 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 Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/ply-gem-holdings-pgem.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (866) 367-6510 www.zlk.comSource:Levi & Korsinsky, LLP