According to the lawsuit, on the Company’s May 3, 2023 quarterly earnings call, President and Chief Executive Officer (“CEO”) Aaron P. Jagfeld noted that the Company’s sales and earnings had declined year-over-year and quarter-over-quarter before giving investors an optimistic outlook and an expectation for improvement in the second half of 2023. Then, on the Company’s August 2, 2023 quarterly earnings call, Jagfeld revealed lackluster quarterly results, including a $1 billion sales decrease year-over-year and that residential sales decreased 44%. When explaining that decline, the lawsuit claims Jagfeld contradicted his May statements.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

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