SAN DIEGO, April 16, 2025 (GLOBE NEWSWIRE) -- Robbins LLP reminds stockholders that a class action was filed on behalf of persons and entities that purchased or otherwise acquired Everus Construction Group, Inc. ("Everus") (NYSE: ECG) common stock between October 31, 2024 and February 11, 2025, including investors who held MDU Resources Group, Inc. (“MDU Resources”) common stock as of October 21, 2024 and acquired Everus common stock issued in connection with the spinoff of Everus Construction on or about O ...

Core Viewpoint - A class action lawsuit has been filed against Everus Construction Group, Inc. for alleged securities fraud and unlawful business practices [2]. Group 1: Lawsuit Details - Investors are encouraged to contact Pomerantz LLP for participation in the class action, with a deadline to apply as Lead Plaintiff by June 4, 2025 [3]. - The lawsuit pertains to whether Everus and its officers engaged in fraudulent activities related to securities [2]. Group 2: Financial Performance - On February 11, 2025, Everus reported its Q4 and full year 2024 financial results, indicating a shift in backlog composition leading to an expected revenue range of $3.0 billion to $3.1 billion and EBITDA of $210 million to $225 million for 2025 [3]. - Following the financial report, Everus's stock price dropped by $18.88 per share, or 27.6%, closing at $49.54 per share on February 13, 2025 [3]. Group 3: Company Background - Pomerantz LLP is recognized as a leading firm in corporate, securities, and antitrust class litigation, with a history of recovering significant damages for victims of securities fraud [4].

Core Viewpoint - Investors in Everus Construction Group, Inc. have the opportunity to lead a securities fraud class action lawsuit due to substantial losses incurred as a result of misleading statements made by the company regarding its business operations and revenue recognition [1][3]. Group 1: Lawsuit Details - The lawsuit alleges that between October 31, 2024, and February 11, 2025, Everus failed to disclose that its backlog conversion cycle had become elongated due to larger and more complex projects [3]. - As a consequence of the elongated backlog conversion cycle, the company's revenue recognition would be delayed, which misled investors regarding the company's business prospects [3]. - The positive statements made by the defendants about the company's operations and future were materially misleading and lacked a reasonable basis [3]. Group 2: Participation Information - Investors who suffered losses in Everus Construction Group are encouraged to contact the Law Offices of Howard G. Smith before June 3, 2025, to participate in the ongoing class action lawsuit [2][4]. - Interested parties can reach out via email, telephone, or visit the law firm's website for more information regarding their legal rights and the class action [2][4].

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Everus Construction Group, Inc. due to allegations of violations of federal securities laws, with a deadline for investors to seek lead plaintiff status in a class action lawsuit by June 3, 2025 [2][4]. Group 1: Company Overview - Everus Construction Group, Inc. is publicly traded on NYSE under the ticker ECG [2]. - The company has faced significant stock price decline following the release of its fourth quarter and full year 2024 financial results, which indicated a shift in backlog composition leading to delayed revenue recognition [5]. Group 2: Allegations and Financial Impact - The complaint against Everus alleges that the company and its executives made false or misleading statements regarding the company's backlog conversion cycle, which has become elongated due to larger and more complex projects [4]. - Following the financial results announcement, Everus's stock price fell by $18.88, or 27.6%, closing at $49.54 on February 13, 2025, amid unusually heavy trading volume [5]. Group 3: Legal Proceedings - Investors who suffered losses exceeding $75,000 between October 31, 2024, and February 11, 2025, are encouraged to contact Faruqi & Faruqi to discuss their legal options [1]. - The role of lead plaintiff in the class action is open to any member of the putative class, with the lead plaintiff being the investor with the largest financial interest [6]. Group 4: Call for Information - Faruqi & Faruqi is seeking information from whistleblowers, former employees, and shareholders regarding Everus's conduct [7].

NEW YORK, April 12, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of common stock of Everus Construction Group, Inc. (NYSE: ECG) between October 31, 2024 and February 11, 2025, both dates inclusive (the “Class Period”), including investors who held MDU Resources Group, Inc. (“MDU Resources”) common stock as of October 21, 2024 and acquired Everus Construction common stock issued in connection with the ...

Core Viewpoint - A class action securities lawsuit has been filed against Everus Construction Group, Inc. for alleged securities fraud affecting investors between October 31, 2024, and February 11, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that the defendants made false statements and concealed information regarding the Company's backlog conversion cycle, which had become elongated due to larger and more complex projects [2]. - It is alleged that this elongation would lead to delays in revenue recognition, making the defendants' positive statements about the Company's business and prospects materially misleading [2]. Group 2: Investor Information - Investors who suffered losses during the specified timeframe have until June 3, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, and there is no obligation to participate [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].

Core Viewpoint - A class action lawsuit has been filed against Everus Construction Group, Inc. for alleged violations of securities laws, specifically related to misleading statements made by the company regarding its revenue recognition and project backlog [1][4]. Group 1: Lawsuit Details - The lawsuit is based on violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 [1]. - Investors who purchased Everus securities between October 31, 2024, and February 11, 2025, are encouraged to participate in the lawsuit before the deadline of June 3, 2025 [2]. - The class has not yet been certified, meaning potential participants are not currently represented by an attorney [3]. Group 2: Allegations Against Everus - The complaint alleges that Everus made false and misleading statements to the market, particularly regarding the lengthening of its backlog conversation cycle due to complex projects [4]. - It is claimed that the company's revenue recognition would be delayed because of the complexity and length of its projects, leading to materially misleading public statements throughout the class period [4]. - As a result of the market learning the truth about Everus, investors reportedly suffered damages [4].

Core Viewpoint - A class action lawsuit has been filed against Everus Construction Group, Inc. for allegedly making materially false and misleading statements regarding its business operations and prospects during the specified class period [1][3]. Summary by Relevant Sections Lawsuit Details - The lawsuit is filed in the United States District Court for the Southern District of New York on behalf of all individuals and entities who purchased Everus securities between October 31, 2024, and February 11, 2025 [1]. - Investors have until June 3, 2025, to apply to the Court to be appointed as lead plaintiff in the lawsuit [1]. Allegations Against the Company - The Complaint alleges that the defendants failed to disclose that the Company's backlog conversion cycle had become elongated due to larger, more complex projects [3]. - It is claimed that this elongation would lead to delays in revenue recognition for the Company [3]. - The positive statements made by the defendants regarding the Company's business, operations, and prospects were allegedly materially misleading and lacked a reasonable basis due to these undisclosed facts [3].

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Everus To Contact Him Directly To Discuss Their OptionsIf you purchased or acquired securities in Everus between October 31, 2024 and February 11, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).[You may also click here for additional information]NEW YORK, April 10, 2025 /PRNewswire/ -- Faruqi & Faru ...

NEW YORK, April 10, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Everus Construction Group, Inc. (NYSE: ECG).Shareholders who purchased shares of ECG during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/everus-construction-group-inc-loss-submission-form/?id=141956&from=4CLASS PE ...