Jeld-Wen’s $40 Million Investor Settlement Gets Final Court Nod

Jeld-Wen Inc. investors won final approval from a federal judge in Virginia for a $40 million class action settlement of claims that the door manufacturer kept them in the dark about its antitrust violations.

Judge John A. Gibney Jr. signed off Monday on the agreement, which ends securities fraud litigation in the U.S. District Court for the Eastern District of Virginia against Jeld-Wen and its private equity backers at Onex Corp.

The deal calls for payments of $39.5 million by Jeld-Wen and $500,000 by Onex, according to court filings. It includes an award of $10 million in legal fees to ...