Faruqi & Faruqi Reminds Lead Plaintiff Deadline In Ply Gem Holdings' Lawsuit

(RTTNews) - Securities law firm Faruqi & Faruqi, LLP, said it is reminding investors about the July 18 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against Ply Gem Holdings, Inc. (PGEM)

A complaint has been filed in the Southern District of New York on behalf of all persons who purchased Ply Gem common stock pursuant and/or traceable to the Company's initial public offering on or about May 22, the firm said.

The complaint alleged that although Ply Gem's Form S-1 Registration Statement was declared effective by the Securities and Exchange Commission, it negligently failed to disclose certain material events known to defendants that caused the financial information reported in the registration statement not to be indicative of Ply Gem's future operating results. The undisclosed events had a material adverse effect on Ply Gem's operating results during its second quarter ended June 29, 2013, as per the complaint.