Jeld-Wen Inc. and its private equity backers at Onex Corp. will pay $40 million to resolve claims that the door manufacturer kept investors in the dark about its dependence on a major price-fixing scheme, according to a federal court filing in Virginia.
The shareholders leading the securities fraud case sought preliminary approval for the pact from Judge John A. Gibney, one day after he signed off on a $61 million deal partly resolving antitrust claims against Jeld-Wen and Masonite Corp., another top door maker.
Jeld-Wen and Masonite are splitting that settlement with “direct” door buyers like construction contractors and ...
