Core Viewpoint - A class action lawsuit has been filed against Everus Construction Group, Inc. on behalf of investors who purchased its common stock during the specified Class Period, alleging misleading statements regarding the company's business operations and revenue recognition [1][5]. Group 1: Lawsuit Details - The lawsuit covers purchasers of Everus Construction common stock between October 31, 2024, and February 11, 2025, including those who held MDU Resources common stock and acquired Everus shares during its spinoff [1]. - Allegations include that Everus Construction's backlog conversion cycle has elongated due to larger, more complex projects, leading to delayed revenue recognition and materially misleading positive statements about the company's prospects [5]. Group 2: Participation Information - Investors who purchased Everus Construction stock during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - Interested parties can join the class action by visiting the provided link or contacting the law firm directly [3][6]. Group 3: Law Firm Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements and recognition in the field [4]. - The firm has recovered hundreds of millions of dollars for investors, with notable achievements in 2019 and 2020 [4].
ECG Investors Have Opportunity to Lead Everus Construction Group, Inc. Securities Fraud Lawsuit