Quanex Building Products Corporation (NYSE: NX) Long Term Investor Alert: Investigation of potential Wrongdoing

An investigation on behalf of current long-term investors in shares of Quanex Building Products Corporation (NYSE: NX]) concerning potential breaches of fiduciary duties by certain directors and officers of Quanex Building Products Corporation was announced.

Investors who are current long term investors in Quanex Building Products Corporation (NYSE: NX) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NYSE: NX stocks follows a lawsuit filed against [Quanex Building Products Corporation over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: NX stocks, concerns whether certain [Quanex Building Products Corporation officers and directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Southern District of Texas the plaintiff alleges that, the Defendants failed to disclose to investors that the Company's procedures and policies regarding tooling and equipment maintenance in its Tyman Mexico facility were significantly "underinvested", that as a result, the Company's tooling and equipment conditions had significantly degraded to near "catastrophic" levels, that, as a result of the foregoing, the Company was likely to incur significant costs, "pushing out the timing" of expected benefits from the Tyman integration, that Quanex had previously identified the foregoing issues, and that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Those who purchased shares of Quanex Building Products Corporation (NYSE: NX) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
Web: www.shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.