LITTLE ROCK, Ark., June 15, 2001 (PRIMEZONE) -- The deadline for purchasers of NCI Building Systems, Inc. ("NCI" or the "Company") (NYSE:NCS) securities to move for lead plaintiff in a securities fraud class action recently brought against the Company is rapidly approaching. If you purchased NCI securities between February 23, 2000 and April 12, 2001, inclusive (the "Class Period"), and you wish to be a lead plaintiff in the case, you must move to serve as lead plaintiff by filing a motion in the United States District Court for the Southern District of Texas, Houston Division by June 18, 2001. A copy of the complaint filed in this action is available from the Court, or can be viewed on the firm's Website at http://www.classlawyer.com/pr/NCI_Building.pdf.
The complaint charges NCI and certain officers and directors with violating Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, by issuing a series of materially false and misleading statements to the market between February 23, 2000 and April 12, 2001 because the Company had been understating liabilities and had engaged in improper accounting throughout the Class Period. On April 12, 2001, NCI announced that it would be restating its financial results for the Company's entire fiscal year ended October 31, 2000 and the first quarter of fiscal year 2001, ended January 31, 2001, because it had understated liabilities relating to inventory. NCI also stated that it might have to restate its financial statements for the third and fourth quarters of its fiscal 1999. In response to this announcement, NCI's stock price dropped by 31% in one day on heavy trading volume.
If you bought the securities of NCI between February 23, 2000 and April 12, 2001, inclusive, you may, no later than June 18, 2001 request that the Court appoint you as lead plaintiff. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as "lead plaintiff." Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Cauley Geller Bowman & Coates, LLP, or other counsel of your choice, to serve as your counsel in this action. If you are a member of this class, you can join this class action online at http://www.classlawyer.com/sign_up.html.
Cauley Geller Bowman & Coates, LLP has substantial experience representing investors in securities fraud class action lawsuits such as this. The firm has offices in Florida, Arkansas and California, but represents shareholders from throughout the nation. If you have any questions about how you may be able to recover for your losses, or if you would like to consider serving as one of the lead plaintiffs in this lawsuit, you are encouraged to call or e-mail the Firm or visit the Firm's Website at www.classlawyer.com.
CAULEY GELLER BOWMAN & COATES, LLP Client Relations Department: Jackie Addison, Sue Null or Charlie Gastineau P.O. Box 25438 Little Rock, AR 72221-5438 Toll Free: 1-888-551-9944 E-mail: info@classlawyer.com
More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca