The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the District of Minnesota on behalf of those who acquired Apogee Enterprises, Inc. (Apogee or the Company) (NASDAQ: APOG) securities during the period from June 28, 2018 through September 17, 2018 (the Class Period). Investors have until January 4, 2019 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
According to the lawsuit, defendants failed to disclose that: (i) Apogee lacked the required labor force in place to ramp-up its production; (ii) Apogee was unable to hire, train and retain new employees; and (iii) Apogees productivity and margins would be negatively impacted. When the true details entered the market on September 18, 2018, Apogee stock fell $5.74 per share, or nearly 12%, from its previous closing price of $48.22 to close at $42.48 per share on September 18, 2018.
If you purchased or otherwise acquired Apogee securities during the Class Period, have information, or would like to learn more about these claims, please contact Thomas W. Elrod of Kirby McInerney at 212-371-6600, by email at [email protected], or by filling out this contact form, to discuss your rights or interests with respect to these matters without any cost to you.
Kirby McInerney is a New York-based plaintiffs law firm concentrating in securities, antitrust, and whistleblower litigation. The firms efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerneys website: www.kmllp.com.
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