Group 1 - A class action has been filed on behalf of investors who purchased Everus Construction Group, Inc. common stock between October 31, 2024, and February 11, 2025, including those who held MDU Resources Group, Inc. common stock as of October 21, 2024, and acquired Everus stock during its spinoff [1] - Allegations against Everus include misleading investors about the backlog conversion cycle, which became elongated due to larger, more complex projects, leading to delayed revenue recognition [2] - Following the release of its fourth quarter and full year 2024 financial results on February 11, 2025, Everus's stock price dropped by $18.88, or 27.6%, closing at $49.54 per share on February 13, 2025 [2] Group 2 - Shareholders interested in participating in the class action can contact Robbins LLP, with the option to serve as lead plaintiff or remain an absent class member [3] - Robbins LLP operates on a contingency fee basis, meaning shareholders incur no fees or expenses [4] - The firm has been dedicated to helping shareholders recover losses and improve corporate governance since 2002 [4]
ECG STOCK NEWS: Stockholders With Large Losses Should Contact Robbins LLP for Information About the Lead Plaintiff Deadline in the Everus Construction Group, Inc. Class Action