International Aluminum (NYSE:IAL)
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Monterey Park, CA-based International Aluminum
Corporation (NYSE:IAL) today released the following statement in
response to a recent press release issued by Eppsteiner & Smith, LLP
and Milstein, Adelman & Kreger, LLP, two law firms representing the
plaintiffs in a pending lawsuit against IAL.
As IAL has previously reported, we believe the charges contained
in litigation now before the Solano County California Superior Court
are without merit.
The Court has allowed the lawsuit to proceed as a class-action at
this time, but there has been no ruling by the Court on the merits of
any of plaintiffs' claims. IAL denies the allegations made by
plaintiffs and intends vigorously to contest their charges in the
legal proceedings.
International Aluminum Corporation, founded and incorporated in
1963, is an integrated building products manufacturer of diversified
lines of aluminum and vinyl products. Its primary markets are focused
towards three distinct product lines: residential products consisting
of broad lines of aluminum and vinyl windows and doors; commercial
products encompassing state-of-the-art curtain walls, window walls,
storefronts and other commercial framing components and aluminum
extruded products which serve its residential and commercial products
segments as well as a diversified outside customer base.
Caution Regarding Forward-Looking Statements
This news release contains forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934 relating
to the exploration of strategic and financial alternatives and
enhancement of shareholder value. There can be no assurance that this
process will result in a transaction by IAL or enhanced shareholder
value. IAL disclaims any intent or obligation to update these
forward-looking statements beyond the date of this release.