INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Apogee Enterprises, ...
December 06 2018 - 9:00PM
Business Wire
The law firm of Kirby McInerney LLP reminds investors that a
class action lawsuit has been filed in the U.S. District Court for
the District of Minnesota on behalf of all persons or entities who
acquired Apogee Enterprises, Inc. (“Apogee” or the “Company”)
(NASDAQ: APOG) securities between June 28, 2018 and 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 acquired Apogee securities, have information, or would
like to learn more about these claims, please contact Thomas W.
Elrod of Kirby McInerney LLP 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 LLP 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 LLP’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/20181206006038/en/
Kirby McInerney LLPThomas W. Elrod, Esq., (212)
371-6600investigations@kmllp.comwww.kmllp.com
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