litigation
confidence high
sentiment neutral
materiality 0.60
JELD-WEN files motion to vacate court-ordered divestiture of Towanda operations
JELD-WEN Holding, Inc.
- Filed motion with U.S. District Court for Eastern District of Virginia to vacate divestiture requirement for Towanda operations.
- Cites changed industry and market factors as basis for seeking relief from the Amended Final Judgment.
- No assurance motion will be granted; divestiture may still be required if court denies relief.
- Towanda divestiture was previously ordered by court; company now argues it is no longer warranted.