Core Viewpoint - Rosen Law Firm has filed a class action lawsuit on behalf of purchasers of Everus Construction Group, Inc. common stock during the specified Class Period, alleging misleading statements and failure to disclose critical information regarding the company's operations and revenue recognition [1][5]. Group 1: Lawsuit Details - The class action lawsuit targets investors who purchased 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 the spinoff [1][2]. - The lawsuit claims that Everus Construction's backlog conversion cycle was elongated due to larger, more complex projects, leading to delayed revenue recognition and materially misleading positive statements about the company's business and prospects [5]. Group 2: Participation Information - Investors wishing to join the class action can do so 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 for more information [3][6]. Group 3: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time [4]. - The firm has consistently ranked highly in securities class action settlements and has recovered hundreds of millions of dollars for investors over the years [4].
ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages Everus Construction Group, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – ECG