Quanex Building Products (US:NX) Globenewswire·2025-09-29 21:07Core Viewpoint - A class action lawsuit has been filed against Quanex Building Products Corporation for alleged misleading statements and failure to disclose significant issues regarding its operations during the Class Period from December 12, 2024, to September 5, 2025 [1][5]. Group 1: Lawsuit Details - The lawsuit claims that Quanex's tooling and equipment maintenance procedures in its Tyman Mexico facility were significantly underinvested, leading to degraded conditions [5]. - It is alleged that these conditions were near catastrophic levels, which would likely incur significant costs and delay expected benefits from the Tyman integration [5]. - The lawsuit asserts that Quanex had previously identified these issues, and the positive statements made by the defendants regarding the company's business and prospects were materially misleading [5]. Group 2: Investor Information - Investors who purchased Quanex securities during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - To join the class action, investors can visit the provided link or contact the law firm for more information [3][6]. - A lead plaintiff must be appointed by November 18, 2025, to represent other class members in the litigation [1][3]. Group 3: Rosen Law Firm Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time [4]. - The firm has been ranked No. 1 for the number of securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013, recovering hundreds of millions for investors [4]. - In 2019, the firm secured over $438 million for investors, showcasing its capability in handling such cases [4].