Quanex Building Products (US:NX) Prnewswireยท2025-10-06 23:04Core Viewpoint - A class action lawsuit has been filed against Quanex Building Products Corporation for failing to disclose significant operational issues related to its Tyman acquisition, which led to a substantial decline in stock price when the information was revealed [2][3]. Group 1: Allegations and Issues - The lawsuit alleges that Quanex's maintenance procedures and policies at its Tyman Mexico facility were significantly underinvested, leading to degraded tooling and equipment conditions [2]. - It is claimed that these operational issues were previously identified by the company but not disclosed, resulting in misleading positive statements about its business and prospects [2]. Group 2: Stock Price Impact - Following the revelation of these issues, Quanex's stock price dropped by $2.73, or 13.1%, closing at $18.18 per share on September 5, 2025 [3]. - The stock continued to decline, falling an additional $1.98, or 10.9%, to close at $16.20 per share on September 8, 2025 [3]. Group 3: Class Action Participation - Shareholders may be eligible to participate in the class action, with a deadline to file as lead plaintiff by November 18, 2025 [4]. - Participation in the case is not required to be eligible for recovery, allowing shareholders to remain absent class members if they choose [4].