Cornerstone Building Brands Requests to Dismiss Class Action Filed by Investors

Court: D. Delaware

Case: 1:23-cv-00701-UNA

Cornerstone Building Brands has requested the court to dismiss the lawsuit filed by investors. The court will determine whether the case proceeds.

What is this lawsuit about?

On July 25, 2022, Clayton, Dubilier & Rice completed the acquisition of Cornerstone Building Brands. However, investors suspect that a proxy statement issued in connection with the transaction could be false and misleading.

Following this, CNR dropped over 14%

Then, on June 27, 2023, shareholders filed a claim against Cornerstone Building Brands.

What can you do to recover your losses now?

We’re keeping track of all updates and will notify CNR investors about potential recovery.

More than 600 companies are currently facing securities class action lawsuits, and over 100 are already paying settlements. Connect your brokerage account to automatically check which ones you may have missed.