INVESTOR ALERT: Kirby McInerney LLP Announces the Filing of a Securities Class Action Lawsuit Against Apogee Enterprises, Inc.
November 06 2018 - 9:02PM
Business Wire
The law firm of Kirby McInerney LLP announces that a class
action lawsuit has been filed in the U.S. District Court for the
District of Minnesota on behalf of those who acquired Apogee
Enterprises, Inc. (“Apogee” or the “Company”) (NASDAQ: APOG)
securities during the period from June 28, 2018 through September
17, 2018 (the “Class Period”). Investors have until January 4, 2019
to apply to the Court to be appointed as lead plaintiff in the
lawsuit.
According to the lawsuit, defendants failed to disclose that:
(i) Apogee lacked the required labor force in place to ramp-up its
production; (ii) Apogee was unable to hire, train and retain new
employees; and (iii) Apogee’s productivity and margins would be
negatively impacted. When the true details entered the market on
September 18, 2018, Apogee stock fell $5.74 per share, or nearly
12%, from its previous closing price of $48.22 to close at $42.48
per share on September 18, 2018.
If you purchased or otherwise acquired Apogee securities during
the Class Period, have information, or would like to learn more
about these claims, please contact Thomas W. Elrod of Kirby
McInerney at 212-371-6600, by email at investigations@kmllp.com, or
by filling out this contact form, to discuss your rights or
interests with respect to these matters without any cost to
you.
Kirby McInerney is a New York-based plaintiffs’ law firm
concentrating in securities, antitrust, and whistleblower
litigation. The firm’s efforts on behalf of shareholders in
securities litigation have resulted in recoveries totaling billions
of dollars. Additional information about the firm can be found at
Kirby McInerney’s website: www.kmllp.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: https://www.businesswire.com/news/home/20181106005887/en/
Kirby McInerney LLPThomas W. Elrod, Esq.,
212-371-6600investigations@kmllp.comwww.kmllp.com
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