WELCOME TO THE PLY GEM SECURITIES LITIGATION WEBSITE
The information contained on this web page is only a summary of information presented in more detail in the Notice of Pendency and Proposed Settlement of Class Action (the “Notice”). Because this website is just a summary, you should review the Notice for additional details.
This case, In re Ply Gem Holdings, Inc. Securities Litigation, Civil Action No. 1:14-cv-03577-JPO, brought in the United States District Court for the Southern District of New York, arises out of allegations that Defendants violated the federal securities law by allegedly failing to make required disclosures to investors regarding the effects of a 2012 supply agreement and sales of vinyl siding.
Court-appointed Lead Plaintiff, The Strathclyde Pension Fund, has reached a proposed settlement in the amount of $25,950,000.00 in cash (the “Settlement”) on behalf of the proposed Class. The Settlement will resolve all claims against the Released Persons (as defined in the Notice) in this proposed class action.
If you are a Member of the Class, your rights will be affected and you may be eligible for a payment from the Settlement. The Class consists of:
all persons and entities who purchased or otherwise acquired Ply Gem common shares in or traceable to the Company’s initial public offering of common stock on or about May 23, 2013 from May 23, 2013 to December 15, 2014, inclusive, except for certain persons and entities who are excluded from the Class by definition (see question 6 of the Notice) or who request exclusion pursuant to the instructions set forth in question 13 of the Notice.
Please read the Notice to fully understand your rights and options.
If you are a member of the Class, in order to be potentially eligible to receive a payment under the proposed Settlement, you must submit a Claim Form postmarked or submitted online no later than June 29, 2018. Payments to eligible claimants will be made only if the Court approves the Settlement and a plan of allocation, and only after any appeals are resolved, and after the completion of all claims processing. Please be patient, as this process will take some time to complete.
|June 29, 2018
CLAIM FILING DEADLINE
|Mail the Claim Form and supporting documentation, postmarked or submitted online no later than June 29, 2018, in accordance with the instructions in the Notice and Claim Form. This is the only way to get a payment from the Settlement.|
|June 8, 2018
Mail your exclusion request, so that it is received no later than June 8, 2018, in accordance with the instructions in the Notice.
If you exclude yourself from the Settlement, you will get no payment. This is the only option that allows you to ever be part of any other lawsuit against the Defendants concerning the claims that were, or could have been, asserted in this case. It is also the only way for Class Members to remove themselves from the Class.
If you are considering excluding yourself from the Class, please note that there is a risk that any new claims asserted against the Defendants may no longer be timely and would be time-barred. You should talk to a lawyer before you request exclusion from the Class for the purpose of bringing a separate lawsuit.
|June 8, 2018
|Write to the Court, in accordance with the instructions in the Notice, and explain why you do not like the Settlement, the proposed Plan of Allocation, and/or the request for attorneys’ fees and expenses. In order to object, you must remain a Member of the Class, may not exclude yourself, and you will be bound by the Court’s determinations.|
|June 29, 2018
|Attend the Settlement Hearing and/or ask to speak in Court about the fairness of the Settlement, the proposed Plan of Allocation, or the request for attorneys’ fees and expenses, see the instructions in the Notice. The hearing will be held on June 29, 2018 at 10:30 AM in the United States District Court for the Southern District of New York, Thurgood Marshall United States Courthouse, 40 Foley Square, New York, NY 10007.|
|DO NOTHING||You will not be eligible to receive a payment from the Settlement, you will give up your rights, and you will still be bound by the Settlement.|