Berger & Montague, P.C. Files Class Action On Behalf of Investors Against NCI Building Systems, Inc.

Apr 24, 2001, 01:00 ET from Berger & Montague, P.C.

    PHILADELPHIA, April 24 /PRNewswire Interactive News Release/ -- The law
 firm of Berger & Montague, P.C., (http://www.investorprotect.com) filed a
 class action suit on April 23, 2001 on behalf of an investor against NCI
 Building Systems, Inc. (NYSE:   NCS) ("NCI" or the "Company") and two of its
 principal officers in the United States District Court for the Southern
 District of Texas on behalf of all persons or entities who purchased NCI
 securities during the period from August 25, 1999 through April 12, 2001,
 inclusive (the "Class Period").
     The complaint charges defendants with violations of Sections 10(b) and
 20(a) of the Securities Exchange Act of 1934 for knowingly or recklessly
 engaging in improper accounting practices that forced the Company to restate
 its financial statements for the fiscal year that ended October 31, 2000, and
 for the quarter that ended January 31, 2001.  In addition, the Company said
 that those same "accounting errors" could result in changes to financial
 statements for the third and fourth quarters of 1999.  Furthermore, NCI said
 that a computer system installed in May of 1999 routinely processed some
 accounting entries incorrectly -- and that employees later altered the
 Company's books manually to mask the errors made by the automated system.  The
 Company says it fired the employees responsible for the accounting
 irregularities.
     News of the accounting errors sent NCI's share price down 32%, from a
 closing price of $18 19/64 a share on April 12, 2001, to $12 29/64 a share at
 the close of the next trading day, April 16, 2001.
     The complaint alleges that as a result of defendants' conduct, plaintiff
 and other members of the Class suffered damages.  The lawsuit seeks to recover
 losses suffered by individual and institutional investors who purchased the
 Company's securities during the Class Period at artificially inflated prices.
     If you purchased NCI securities during the period from August 25, 1999
 through April 12, 2001, inclusive, you may, no later than June 15, 2001, move
 to be appointed as a Lead Plaintiff.  A Lead Plaintiff is a representative
 party that acts on behalf of other class members in directing the litigation.
 The Private Securities Litigation Reform Act of 1995 directs Courts to assume
 that the class member(s) with the "largest financial interest" in the outcome
 of the case will best serve the class in this capacity.  Courts have
 discretion in determining which class members(s) have the "largest financial
 interest," and have appointed Lead Plaintiffs with substantial losses in both
 absolute terms and as a percentage of their net worth.  If you have sustained
 substantial losses in NCI securities during the Class Period, please contact
 Berger & Montague, P.C. at investorprotect@bm.net for a more thorough
 explanation of the Lead Plaintiff selection process.
     The law firm of Berger & Montague, P.C. has over 50 attorneys, all of whom
 represent plaintiffs in complex litigation.  The Berger firm has extensive
 experience representing plaintiffs in class action securities litigation and
 has played lead roles in major cases over the past 25 years which have
 resulted in recoveries of several billion dollars to investors.  The firm is
 currently representing investors as lead counsel in actions against Rite Aid,
 Sotheby's, Waste Management, Inc., Sunbeam, Boston Chicken and IKON Office
 Solutions, Inc.  The standing of Berger & Montague, P.C. in successfully
 conducting major securities and antitrust litigation has been recognized by
 numerous courts.  For example:
 
       "Class counsel did a remarkable job in representing the class
       interests."  In Re: IKON Offices Solutions Securities Litigation.
       Civil Action No. 98-4286 (E.D.Pa.) (partial settlement for $111 million
       approved May, 2000).
 
       "...[Y]ou have acted the way lawyers at their best ought to act.  And I
       have had a lot of cases...in 15 years now as a judge and I cannot
       recall a significant case where I felt people were better represented
       than they are here ... I would say this has been the best
       representation that I have seen."  In Re: Waste Management, Inc.
       Securities Litigation, Civil Action No. 97-C 7709 (N.D. Ill.) (settled
       in 1999 for $220 million).
 
     If you purchased NCI securities during the Class Period, or have any
 questions concerning this notice or your rights with respect to this matter,
 please contact:
 
        Sherrie R. Savett, Esquire
        Michael T. Fantini, Esq.
        Kimberly A. Walker, Investor Relations Manager
        Berger & Montague, P.C.
        1622 Locust Street
        Philadelphia, PA 19103
        Phone: 888-891-2289 or 215-875-3000
        Fax: 215-875-5715
        Website: http://www.investorprotect.com
        e-mail: InvestorProtect@bm.net
 
                      MAKE YOUR OPINION COUNT - Click Here
                http://tbutton.prnewswire.com/prn/11690X42257484
 
 

SOURCE Berger & Montague, P.C.
    PHILADELPHIA, April 24 /PRNewswire Interactive News Release/ -- The law
 firm of Berger & Montague, P.C., (http://www.investorprotect.com) filed a
 class action suit on April 23, 2001 on behalf of an investor against NCI
 Building Systems, Inc. (NYSE:   NCS) ("NCI" or the "Company") and two of its
 principal officers in the United States District Court for the Southern
 District of Texas on behalf of all persons or entities who purchased NCI
 securities during the period from August 25, 1999 through April 12, 2001,
 inclusive (the "Class Period").
     The complaint charges defendants with violations of Sections 10(b) and
 20(a) of the Securities Exchange Act of 1934 for knowingly or recklessly
 engaging in improper accounting practices that forced the Company to restate
 its financial statements for the fiscal year that ended October 31, 2000, and
 for the quarter that ended January 31, 2001.  In addition, the Company said
 that those same "accounting errors" could result in changes to financial
 statements for the third and fourth quarters of 1999.  Furthermore, NCI said
 that a computer system installed in May of 1999 routinely processed some
 accounting entries incorrectly -- and that employees later altered the
 Company's books manually to mask the errors made by the automated system.  The
 Company says it fired the employees responsible for the accounting
 irregularities.
     News of the accounting errors sent NCI's share price down 32%, from a
 closing price of $18 19/64 a share on April 12, 2001, to $12 29/64 a share at
 the close of the next trading day, April 16, 2001.
     The complaint alleges that as a result of defendants' conduct, plaintiff
 and other members of the Class suffered damages.  The lawsuit seeks to recover
 losses suffered by individual and institutional investors who purchased the
 Company's securities during the Class Period at artificially inflated prices.
     If you purchased NCI securities during the period from August 25, 1999
 through April 12, 2001, inclusive, you may, no later than June 15, 2001, move
 to be appointed as a Lead Plaintiff.  A Lead Plaintiff is a representative
 party that acts on behalf of other class members in directing the litigation.
 The Private Securities Litigation Reform Act of 1995 directs Courts to assume
 that the class member(s) with the "largest financial interest" in the outcome
 of the case will best serve the class in this capacity.  Courts have
 discretion in determining which class members(s) have the "largest financial
 interest," and have appointed Lead Plaintiffs with substantial losses in both
 absolute terms and as a percentage of their net worth.  If you have sustained
 substantial losses in NCI securities during the Class Period, please contact
 Berger & Montague, P.C. at investorprotect@bm.net for a more thorough
 explanation of the Lead Plaintiff selection process.
     The law firm of Berger & Montague, P.C. has over 50 attorneys, all of whom
 represent plaintiffs in complex litigation.  The Berger firm has extensive
 experience representing plaintiffs in class action securities litigation and
 has played lead roles in major cases over the past 25 years which have
 resulted in recoveries of several billion dollars to investors.  The firm is
 currently representing investors as lead counsel in actions against Rite Aid,
 Sotheby's, Waste Management, Inc., Sunbeam, Boston Chicken and IKON Office
 Solutions, Inc.  The standing of Berger & Montague, P.C. in successfully
 conducting major securities and antitrust litigation has been recognized by
 numerous courts.  For example:
 
       "Class counsel did a remarkable job in representing the class
       interests."  In Re: IKON Offices Solutions Securities Litigation.
       Civil Action No. 98-4286 (E.D.Pa.) (partial settlement for $111 million
       approved May, 2000).
 
       "...[Y]ou have acted the way lawyers at their best ought to act.  And I
       have had a lot of cases...in 15 years now as a judge and I cannot
       recall a significant case where I felt people were better represented
       than they are here ... I would say this has been the best
       representation that I have seen."  In Re: Waste Management, Inc.
       Securities Litigation, Civil Action No. 97-C 7709 (N.D. Ill.) (settled
       in 1999 for $220 million).
 
     If you purchased NCI securities during the Class Period, or have any
 questions concerning this notice or your rights with respect to this matter,
 please contact:
 
        Sherrie R. Savett, Esquire
        Michael T. Fantini, Esq.
        Kimberly A. Walker, Investor Relations Manager
        Berger & Montague, P.C.
        1622 Locust Street
        Philadelphia, PA 19103
        Phone: 888-891-2289 or 215-875-3000
        Fax: 215-875-5715
        Website: http://www.investorprotect.com
        e-mail: InvestorProtect@bm.net
 
                      MAKE YOUR OPINION COUNT - Click Here
                http://tbutton.prnewswire.com/prn/11690X42257484
 
 SOURCE  Berger & Montague, P.C.