NEW YORK CITY, April 20, 2025 – Bronstein, Gewirtz & Grossman, LLC, a prominent law firm with a national reputation, is informing investors that a class action lawsuit has been filed against Everus Construction Group, Inc. ("Everus" or "the Company") (NYSE: ECG) and certain of its officers.
Class Definition
The lawsuit seeks to recover damages for alleged violations of federal securities laws on behalf of all individuals and entities that purchased or otherwise acquired Everus common stock between October 31, 2024, and February 11, 2025, inclusive (the "Class Period"). This also includes investors who held MDU Resources Group, Inc. ("MDU Resources") common stock as of October 21, 2024, and acquired Everus stock issued as part of the company’s spinoff of Everus Construction (the "Spinoff") on or about October 31, 2024. Investors who meet these criteria are encouraged to join the lawsuit by visiting the firm’s website: bgandg.com/ECG.
Case Details
The Complaint alleges that throughout the Class Period, the Defendants made materially false and/or misleading statements, and failed to disclose critical adverse facts about the Company’s business, operations, and future prospects. Specifically, the Complaint asserts that Defendants failed to disclose that: (1) the Company's backlog conversion cycle had been extended due to larger and more complex projects; (2) as a result, the Company’s revenue recognition was delayed; and (3) due to these issues, the optimistic statements made by Defendants regarding the Company's business, operations, and future prospects were misleading and/or lacked a reasonable basis.
What's Next?
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, please visit the firm’s website: bgandg.com/ECG, or contact Peretz Bronstein, Esq. or Nathan Miller, Client Relations Manager at Bronstein, Gewirtz & Grossman, LLC, at 332-239-2660. Investors who suffered losses in Everus have until June 3, 2025, to request that the Court appoint them as lead plaintiff. Please note that you do not need to serve as lead plaintiff to be eligible for a share of any recovery.
No Upfront Cost
Bronstein, Gewirtz & Grossman represents investors in class actions on a contingency fee basis. This means that the firm will only seek reimbursement for out-of-pocket expenses and attorney fees, which are typically a percentage of the total recovery, if the case is successful.
Why Choose Bronstein, Gewirtz & Grossman
Bronstein, Gewirtz & Grossman, LLC is a highly regarded law firm specializing in securities fraud class actions and shareholder derivative suits. The firm has successfully recovered hundreds of millions of dollars for investors across the nation.
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Contact Information
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Nathan Miller
332-239-2660 | info@bgandg.com
Originally reported by ACCESS Newswire.