Cases & Investigations
Masonite International Corporation Securities Litigation

Together with co-counsel, Wolf Popper has filed a class action lawsuit seeking to represent sellers of Masonite International Corporation common stock between June 5, 2023 and February 8, 2024, inclusive (the “Class Period”).  Captioned Central Illinois Carpenters Health & Welfare Trust Fund v. Masonite International Corporation, No. 26-cv-01052 (S.D.N.Y.), the Masonite class action lawsuit charges Masonite and certain of Masonite’s former executives with violations of the Securities Exchange Act of 1934.

If you sold Masonite common stock during the Class Period and wish to serve as lead plaintiff of the Masonite class action lawsuit, or have any questions concerning the Masonite class action lawsuit, please contact attorney Adam Savett of Wolf Popper by calling (212) 451-9655, or via e-mail at asavett@wolfpopper.com. Lead plaintiff motions for the Masonite class action lawsuit must be filed with the Court no later than April 7, 2026.

CASE ALLEGATIONS: Masonite is a leading global designer, manufacturer, marketer, and distributor of interior and exterior doors and door solutions for the residential and non-residential building construction markets’ new construction and repair, renovation and remodeling sectors.  Since May 2024, Masonite operates as Owens Corning’s Doors business unit after being acquired by Owens Corning.

The Masonite class action lawsuit alleges that throughout the Class Period, Masonite was repurchasing Masonite stock while defendants knew that Masonite had received  multiple formal acquisition offers from Owens Corning to purchase all outstanding shares of Masonite common stock at prices significantly above the then-current market prices of Masonite common stock, and therefore significantly above the prices at which Masonite was repurchasing Masonite common stock from unsuspecting class members.  Thus, Masonite had an obligation to disclose that it had received these formal acquisition offers from Owens Corning or abstain from purchasing Masonite stock from unsuspecting investors, according to the Masonite shareholder class action lawsuit.

THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who sold Masonite common stock during the Class Period to seek appointment as lead plaintiff in the Masonite class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Masonite class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Masonite class action lawsuit. An investor’s ability to share in any potential future recovery of the Masonite class action lawsuit is not dependent upon serving as lead plaintiff.
 
ABOUT WOLF POPPER: Wolf Popper has successfully recovered billions of dollars for defrauded investors. Wolf Popper’s reputation and expertise have been repeatedly recognized by the courts, which have appointed the firm to major positions in securities litigation. For more information about Wolf Popper, please visit the Firm’s website at www.wolfpopper.com.