Jeld-Wen Settlement, Funded Mostly by Onex Corp., Gets Court Nod

Jeld-Wen Holdings Corp. put the last of its price-fixing cases behind it Wednesday, when a federal judge signed off on a $13.5 million settlement of investor litigation.

Judge Richard G. Andrews granted final approval to the agreement, which resolves shareholder derivative claims facing Jeld-Wen’s leaders in the US District Court for the District of Delaware, where they were accused of turning a blind eye to its costly antitrust violations.

The pact calls for payments of $11.5 million from Onex Corp.—Jeld-Wen’s former private equity parent, which exited its stake in August 2021—and $2 million from the doormaker’s insurers. It also ...