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Steves and Sons case against Jeld-Wen 'poster child for divestiture,' says US appeals court

( February 18, 2021, 14:45 GMT | Official Statement) -- MLex Summary: Jeld-Wen has failed to overturn an order requiring it to divest a doorskins factory in Towanda, Pennyslvania. The US Court of Appeals for the Fourth Circuit agreed with a lower court that the divestiture was an appropriate remedy because Jeld-Wen’s acquisition of CMI created a significant threat that Steves and Sons will go out of business in 2021. The panel did vacate a jury award of future lost profits to Steves, saying that issue isn’t ripe.See document below. ...

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