BENSALEM, Pa。--(BUSINESS WIRE)--
Law Offices of Howard G. Smith reminds investors of the upcoming 2019年10月15日 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased Granite 建设 Incorporated (“Granite” or the “公司”) (NYSE: GVA) securities between 2018年10月26日和2019年8月1日, inclusive (the “Class Period”).

十大正规博彩平台 suffering losses on their Granite investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com.

2019年7月29日，市场收盘后，公司披露，2019年第二季度财务业绩受到与四个遗留的、未合并的重型民用合资项目相关的非现金费用的负面影响。 As a result, Granite expected to report net loss per diluted share in the range of 2.05美元 to 2.10美元 per diluted share.

On this news, the 公司’s stock price fell 7.98美元 per share, or nearly 18%, to close at 36.49美元 per share on July 30, 2019, on unusually heavy trading volume.

Then on August 2, 2019, before the market opened, the 公司 announced its second quarter 2019 financial results, reporting revenue of 7.895亿美元, including 1.142亿美元 in revenue reduction due to the charges disclosed earlier that week.

On this news, the 公司’s stock price fell 2.78美元 per share, or over 8%, to close at 31.22美元 per share on August 2, 2019, on unusually heavy trading volume.

在本集体诉讼中提起的诉讼称，在整个集体诉讼期间，被告做出了虚假和/或误导性陈述，并且未能披露有关公司业务、运营和前景的重大不利事实。 具体而言，被告作出虚假和/或误导性陈述和/或未披露：(1)公司在2012年至2014年期间承担了与重大民用合资项目投标相关的某些风险； (2)公司与合资项目业主之间的风险分担存在“站不住脚的”不平衡； (3)因此，公司有理由为其合资项目承担额外的项目成本； (4)公司有理由因某些项目纠纷而产生额外费用； (5)由于上述情况，被告对公司业务、运营和前景的正面陈述具有重大误导性和/或缺乏合理依据。

If you purchased Granite securities during the Class Period you may move the Court no later than 2019年10月15日 to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements. 要成为集体诉讼的成员，您不需要在此时采取任何行动； 您可以选择聘请律师，也可以不采取任何行动，继续作为集体诉讼的缺席成员。 If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, 宾夕法尼亚州Bensalem 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.

根据适用的法律和道德规则，本新闻稿在某些司法管辖区可能被视为律师广告。

在businesswire网站上查看源代码： https://www.businesswire.com/news/home/20190820005671/en/

Law Offices of Howard G. Smith


Howard G. Smith, Esquire


215-638-4847


888-638-4847


howardsmith@howardsmithlaw.com


www.howardsmithlaw.com

资料来源：Howard G. Smith律师事务所