TOP Financial (TOP) Prnewswire·2025-04-19 00:29Core Viewpoint - Rosen Law Firm is reminding investors who purchased Everus Construction Group, Inc. common stock during the specified Class Period of the upcoming lead plaintiff deadline for a class action lawsuit [1][5]. Group 1: Class Action Details - The Class Period for the lawsuit is from October 31, 2024, to February 11, 2025, and includes those who held MDU Resources common stock and acquired Everus Construction stock during the spinoff [1]. - Investors may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by June 3, 2025 [3]. Group 2: Case Allegations - The lawsuit alleges that during the Class Period, defendants made false or misleading statements regarding Everus Construction's business operations [5]. - Specific claims include that Everus Construction's backlog conversion cycle was elongated due to larger, more complex projects, leading to delayed revenue recognition [5]. - The lawsuit asserts that the positive statements made by defendants about the company's prospects were materially misleading and lacked a reasonable basis [5]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company at the time and being ranked No. 1 for securities class action settlements in 2017 [4]. - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [4]. - Founding partner Laurence Rosen has been recognized as a Titan of Plaintiffs' Bar by law360 in 2020, and many attorneys at the firm have received accolades from Lawdragon and Super Lawyers [4].