Important Information for Everus Construction Group, Inc. Investors: Upcoming Deadline to File a Lead Plaintiff Motion
BENSALEM, Pa.–Investors who purchased Everus Construction Group, Inc. (“Everus” or the “Company”) common stock between October 31, 2024 and February 11, 2025, inclusive (the “Class Period”), including investors who held MDU Resources Group, Inc. (“MDU Resources”) common stock as of October 21, 2024 and acquired Everus, are reminded that they have until June 3, 2025 to file a lead plaintiff motion in the securities class action lawsuit filed against Everus. The lawsuit was filed on behalf of investors who were adversely affected by alleged securities laws violations during the Class Period.
About the Lawsuit
The complaint alleges that Everus and certain of its executives and directors made false and misleading statements and failed to disclose material information during the Class Period, including but not limited to, the Company’s financial condition, its business prospects, and its relationship with MDU Resources. As a result of these alleged false statements and omissions, Everus’ stock traded at artificially inflated prices during the Class Period, causing investors harm.
Impact on Individual Investors
If you purchased Everus common stock during the Class Period and suffered losses as a result, you may be able to recover your losses through the securities class action. The lead plaintiff will act on behalf of all investors in the class to protect their interests and seek compensation for their losses. Investors do not need to seek approval from the court to be included in the class. If you wish to serve as lead plaintiff, you must file a motion with the court no later than June 3, 2025.
Impact on the World
The securities class action against Everus is one of many lawsuits that investors and regulators use to hold companies accountable for misrepresenting their financial condition or business prospects. Such actions can lead to increased transparency and accountability in the business world, as well as financial compensation for investors who have been harmed. Additionally, the outcome of the lawsuit may have implications for the construction industry and the broader market, depending on the specifics of the case and the Company’s role in it.
Conclusion
Investors who purchased Everus Construction Group, Inc. common stock between October 31, 2024 and February 11, 2025, including those who held MDU Resources common stock and acquired Everus during that time, are reminded that they have until June 3, 2025 to file a lead plaintiff motion in the securities class action lawsuit against the Company. The lawsuit alleges that Everus and certain of its executives and directors made false and misleading statements and failed to disclose material information during the Class Period, leading to artificially inflated stock prices and investor losses. If you wish to serve as lead plaintiff, you must file a motion with the court by the deadline.
The outcome of the lawsuit may have implications for the construction industry and the broader market, depending on the specifics of the case and the Company’s role in it. Additionally, securities class actions serve an important function in holding companies accountable for misrepresenting their financial condition or business prospects, leading to increased transparency and accountability in the business world and financial compensation for investors who have been harmed.
Disclaimer
This communication is not a solicitation, recommendation or an offer to buy, hold or sell any securities or to buy, redeem or sell any derivatives thereon, and should not be relied upon as such. Law Offices of Howard G. Smith does not represent every person or entity who purchased or sold securities in the securities class action. Law Offices of Howard G. Smith’s involvement in the securities class action is not a guarantee of any recovery.
- Investors who purchased Everus Construction Group, Inc. common stock between October 31, 2024 and February 11, 2025 are reminded to file a lead plaintiff motion by June 3, 2025.
- The lawsuit alleges that Everus and certain executives and directors made false and misleading statements and failed to disclose material information during the Class Period.
- The outcome of the lawsuit may have implications for the construction industry and the broader market.
- Securities class actions serve an important function in holding companies accountable and providing financial compensation for investors.
- This communication is not a solicitation or recommendation to buy, hold or sell any securities or derivatives.
