NCI Building Systems, Inc. (NYSE: NCI), a Houston-based manufacturer of metal products for the nonresidential building industry, has announced the preliminary settlement of the securities class action pending against the company in the S.D. of Tex. The case was originally filed in April 2001 and is based on alleged misrepresentations related to the company’s restatement of its 3Q 1999 to 1Q 2001 financial results. The settlement is for $7 million.
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This blog is for informational purposes only. In other words, it does not constitute legal advice and is not intended to create an attorney-client relationship. Online readers should not act upon any information presented on this blog without seeking professional legal counsel. Finally, the posts on this blog represent the personal views of Lyle Roberts, not the views of his law firm or clients.
The author apologizes for any factual errors in this blog. Although he will act quickly to correct errors pointed out to him, he declines to take responsibility for the mischief that may result in the interim.
The 10b-5 Daily · News and events related to securities class action litigation. Containing all facts, with particularity, and an occasional dose of commentary.
