Trex Company, Inc. NYSE: TWP

A class action lawsuit was filed in the United States District Court for the Western District of Virginia on behalf of all securities purchasers of Trex Company, Inc. (NYSE: TWP - News; "Trex" or the "Company") between October 25, 2004 and June 22, 2005, inclusive (the "Class Period").

The complaint charges Trex, Robert G. Matheny, and Paul D. Fletcher with violations of the Securities Exchange Act of 1934. More specifically, the Complaint alleges that the Company failed to disclose and misrepresented the following material adverse facts which were known to defendants or recklessly disregarded by them: (1) that the expected re-orders of inventory were not materializing, as Trex distributors worked to dispose of excess inventory; (2) that the expansion of the Company's distribution program with The Home Depot materially slowed due to delays in rolling out the Company's products; (3) that the Company cost cutting initiatives failed to limit the impact of higher raw material costs; (4) that there were manufacturing issues with the Artisan and Brasilia rail lines; and (5) that as a consequence of the foregoing, defendants' positive statements about the Company's growth and progress lacked in any reasonable basis when made.

On June 22, 2005, Trex announced that the Company expected a substantial loss for the quarter and guided its earnings lower for the year. The news shocked the market. Shares of Trex fell $10.59 per share, or 29.66 percent, on June 23, 2005, to close at $25.11 per share.

If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.