Quanex Building Products (US:NX) Globenewswire·2025-10-21 21:47Core Viewpoint - A class action lawsuit has been filed against Quanex Building Products Corporation for allegedly making materially false and misleading statements regarding its business operations and prospects during the specified class period [2][3]. Group 1: Lawsuit Details - The class action lawsuit is filed on behalf of all individuals and entities who purchased or acquired Quanex securities between December 12, 2024, and September 5, 2025 [2]. - Investors have until November 18, 2025, to apply to the Court to be appointed as lead plaintiff in the lawsuit [2]. Group 2: Allegations - The complaint alleges that the defendants failed to disclose significant issues regarding the maintenance of tooling and equipment at the Tyman Mexico facility, which were "underinvested" [3]. - It is claimed that the conditions of the tooling and equipment had degraded to near "catastrophic" levels, leading to potential significant costs and delays in expected benefits from the Tyman integration [3]. - The lawsuit asserts that Quanex had previously identified these issues, and the positive statements made by the defendants about the company's business were materially misleading [3]. Group 3: Next Steps for Investors - Investors who purchased or acquired Quanex shares and suffered losses are encouraged to contact the law firm for more information regarding their rights and potential claims [4].