Quanex Building Products (US:NX) Globenewswire·2025-10-29 21:38Core 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 [3][8]. Allegation Details - The lawsuit claims that Quanex failed to disclose significant underinvestment in tooling and equipment maintenance at its Tyman Mexico facility, leading to degraded conditions [3]. - It is alleged that the company was likely to incur substantial costs, delaying the expected benefits from the Tyman integration [3]. - The complaint asserts that Quanex had previously identified these issues, contradicting the positive statements made by the defendants about the company's operations and prospects [3]. Next Steps - Investors who purchased Quanex shares between December 12, 2024, and September 5, 2025, and suffered losses are encouraged to contact the law firm for more information and to discuss their rights [4][8]. - The deadline for investors to apply to be appointed as lead plaintiff in the lawsuit is November 18, 2025 [8]. About the Law Firm - Bragar Eagel & Squire, P.C. is a nationally recognized law firm that represents individual and institutional investors in complex litigation across various courts [5].