Shareholder Sues NCI Building Systems, Inc. for Stock Fraud, According to Berman DeValerio & Pease

Apr 18, 2001, 01:00 ET from Berman DeValerio & Pease

    HOUSTON, April 18 /PRNewswire/ -- A shareholder sued NCI Building Systems,
 Inc. (NYSE:   NCS) today on behalf of fellow investors, charging the company
 with stock fraud, the law firm of Berman DeValerio & Pease said.
     (Photo:  http://www.newscom.com/cgi-bin/prnh/20010405/BDPLOGO )
     The class action, captioned Stanley v. NCI Building Systems, Inc., seeks
 damages under federal securities laws for anyone who bought NCI stock between
 August 25, 1999 and April 12, 2001 (the "Class Period"). Berman DeValerio &
 Pease filed the lawsuit in U.S. District Court for the Southern District of
 Texas.
     Berman DeValerio & Pease has represented defrauded investors in class
 actions for nearly two decades. To review the complaint and learn more about
 becoming a lead plaintiff, visit our Website at www.bermanesq.com.
     The complaint accuses NCI and two of its former top officers with
 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 $18.30 a share on April 12, 2001, to $12.45 a share at the
 close of the next trading day, April 16, 2001.
     If you purchased NCI common stock during the period August 25, 1999
 through April 12, 2001, you may wish to contact the following attorneys at
 Berman DeValerio & Pease to discuss your rights and interests:
 
     N. Nancy Ghabai, Esq.
     Michael G. Lange, Esq.
     Berman DeValerio & Pease
     One Liberty Square
     Boston, MA 02109
     bdplaw@bermanesq.com
     (800) 516-9926
 
     If you wish to apply to be lead plaintiff in this action, a motion must be
 filed on your behalf with the court no later than June 18, 2001.  You may
 contact the attorneys at Berman DeValerio & Pease to discuss your rights
 regarding the appointment of lead plaintiff and your interest in the class
 action. To be a member of the class, however, you need not take any action at
 this time and you may retain counsel of your own choice.  If you decide to
 seek appointment as lead plaintiff, you may also retain counsel of your
 choice.
     With offices in Boston and San Francisco, Berman DeValerio & Pease has
 prosecuted shareholder class actions since 1982, recovering more than
 $1 billion for investors. The firm has acted as lead counsel in numerous
 lawsuits involving violations of federal securities laws. It has successfully
 litigated these actions, and has been singled out for its excellence by many
 courts.  The firm prides itself on its responsiveness to shareholders and
 their needs in each case.
 
 

SOURCE Berman DeValerio & Pease
    HOUSTON, April 18 /PRNewswire/ -- A shareholder sued NCI Building Systems,
 Inc. (NYSE:   NCS) today on behalf of fellow investors, charging the company
 with stock fraud, the law firm of Berman DeValerio & Pease said.
     (Photo:  http://www.newscom.com/cgi-bin/prnh/20010405/BDPLOGO )
     The class action, captioned Stanley v. NCI Building Systems, Inc., seeks
 damages under federal securities laws for anyone who bought NCI stock between
 August 25, 1999 and April 12, 2001 (the "Class Period"). Berman DeValerio &
 Pease filed the lawsuit in U.S. District Court for the Southern District of
 Texas.
     Berman DeValerio & Pease has represented defrauded investors in class
 actions for nearly two decades. To review the complaint and learn more about
 becoming a lead plaintiff, visit our Website at www.bermanesq.com.
     The complaint accuses NCI and two of its former top officers with
 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 $18.30 a share on April 12, 2001, to $12.45 a share at the
 close of the next trading day, April 16, 2001.
     If you purchased NCI common stock during the period August 25, 1999
 through April 12, 2001, you may wish to contact the following attorneys at
 Berman DeValerio & Pease to discuss your rights and interests:
 
     N. Nancy Ghabai, Esq.
     Michael G. Lange, Esq.
     Berman DeValerio & Pease
     One Liberty Square
     Boston, MA 02109
     bdplaw@bermanesq.com
     (800) 516-9926
 
     If you wish to apply to be lead plaintiff in this action, a motion must be
 filed on your behalf with the court no later than June 18, 2001.  You may
 contact the attorneys at Berman DeValerio & Pease to discuss your rights
 regarding the appointment of lead plaintiff and your interest in the class
 action. To be a member of the class, however, you need not take any action at
 this time and you may retain counsel of your own choice.  If you decide to
 seek appointment as lead plaintiff, you may also retain counsel of your
 choice.
     With offices in Boston and San Francisco, Berman DeValerio & Pease has
 prosecuted shareholder class actions since 1982, recovering more than
 $1 billion for investors. The firm has acted as lead counsel in numerous
 lawsuits involving violations of federal securities laws. It has successfully
 litigated these actions, and has been singled out for its excellence by many
 courts.  The firm prides itself on its responsiveness to shareholders and
 their needs in each case.
 
 SOURCE  Berman DeValerio & Pease