Class Action Lawsuit Filed Against Everus Construction Group, Inc.
New York, NY – April 11, 2025
Levi & Korsinsky, LLP, a premier securities litigation firm, has announced that a class action securities lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of investors in Everus Construction Group, Inc. (“Everus Construction” or the “Company”) (NYSE: ECG). The lawsuit seeks to recover losses on behalf of Everus Construction investors who were adversely affected by alleged securities fraud between October 31, 2024, and February 11, 2025.
Class Definition
The class action is brought on behalf of all persons or entities who purchased or otherwise acquired securities of Everus Construction between October 31, 2024, and February 11, 2025, inclusive (the “Class Period”).
Allegations
The complaint alleges that during the Class Period, Everus Construction made false and misleading statements and failed to disclose material information to investors about the Company’s business, operations, and financial condition. Specifically, the complaint alleges that the Company’s financial statements were materially misstated and that the Company failed to disclose certain related party transactions.
Impact on Individual Investors
If you are an affected investor, you may be entitled to recover your losses, including damages and interest, through this class action. You may also be able to serve as a lead plaintiff in the action. In order to be a lead plaintiff, you must meet certain requirements set forth in the Securities Act of 1934. You do not need to be the largest shareholder in the Company to be a lead plaintiff.
Impact on the World
The filing of this class action lawsuit against Everus Construction may have significant implications for the construction industry and investors in general. If the allegations are proven true, it could lead to increased scrutiny of financial reporting practices in the industry and potential regulatory action. It could also deter investors from putting their money into companies with questionable financial practices.
Conclusion
Levi & Korsinsky encourages Everus Construction investors who incurred losses during the Class Period to contact the firm. The firm’s attorneys will evaluate the merits of the case and provide updates on any significant developments.
- Levi & Korsinsky, LLP files class action securities lawsuit against Everus Construction Group, Inc.
- Allegations of securities fraud between October 31, 2024, and February 11, 2025.
- Class Period investors may be entitled to recover losses.
- Potential implications for the construction industry and investors.
