Core Viewpoint - A class action lawsuit has been filed against Masonite International Corporation for allegedly making false and misleading statements regarding acquisition offers and share repurchases, which led to investor losses during the specified class period [5]. Group 1: Lawsuit Details - The lawsuit is based on violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 [1]. - Investors who purchased Masonite's securities between June 5, 2023, and February 8, 2024, are encouraged to contact the Schall Law Firm before April 7, 2026 [2]. - The class has not yet been certified, meaning potential class members are not currently represented by an attorney [4]. Group 2: Allegations Against Masonite - The complaint alleges that Masonite was aware of multiple acquisition offers from Owens Corning to purchase all outstanding shares while simultaneously initiating share repurchases from investors [5]. - The acquisition offers were at a share price significantly higher than the price at which Masonite was repurchasing shares from current shareholders, indicating that the company's public statements were materially misleading [5]. - As a result of the misleading information, investors suffered damages when the truth about Masonite's situation was revealed [5].
DOOR Investors Have Opportunity to Lead Masonite International Corporation Securities Fraud Lawsuit with the Schall Law Firm