Quanex Building Products (US:NX) Globenewswire·2025-11-03 22:33Core 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][7]. Allegation Details - The lawsuit claims that Quanex failed to disclose significant issues related to its tooling and equipment maintenance at the Tyman Mexico facility, which were "underinvested" and had degraded to near "catastrophic" levels [3]. - It is alleged that these undisclosed issues would likely lead to significant costs and delay the expected benefits from the Tyman integration [3]. - The complaint asserts that Quanex had previously identified these issues, making the company's positive statements about its business misleading and lacking a reasonable basis [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 legal rights [4][7]. - The deadline for investors to apply to be appointed as lead plaintiff in the lawsuit is November 18, 2025 [7]. 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 the United States [5].