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Ply Gem Holdings

Settlement of In re Ply Gem Holdings, Inc., Securities Litigation
Civil Action No. 1:14-cv-03577-JPO

The parties have reached a settlement of this action, pending in the United States District Court for the Southern District of New York. The settlement provides for the payment of $25,950,000 for the benefit of eligible Class Members. Plaintiff The Strathclyde Pension Fund alleged that the Registration Statement that Ply Gem Holdings, Inc. (“Ply Gem” or the “Company”) utilized for its initial public offering violated the federal securities laws and applicable regulations because it failed to disclose known trends, events and uncertainties that were reasonably likely to have a material effect on Ply Gem’s operating performance.

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.  Excluded from the Class are Defendants, the officers and directors of Ply Gem at all relevant times, members of their immediate families, any entity in which any Defendant has a controlling interest, and the legal representatives, heirs, successors-in-interest or assigns of any such excluded party; provided that Investment Vehicles meeting the criteria as defined in the Stipulation and Agreement of Settlement shall in no event be excluded. Also excluded from the Class are any Persons who timely and validly requested exclusion from the Class as ordered by the Court.

The settlement was approved by the Court on July 3, 2018.

If you have any questions about the settlement or the litigation, please contact Rick Nelson at 1-800-449-4900.

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