Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Everus Construction Group, Inc. regarding a class action lawsuit due to alleged misleading statements and failure to disclose critical information during a specified class period [1][2]. Group 1: Allegations and Class Period - The class period for the allegations is from October 31, 2024, to February 11, 2025 [1]. - Allegations include that the company's backlog conversion cycle has become elongated due to larger, more complex projects, leading to delayed revenue recognition [1]. - The positive statements made by the defendants about the company's business and prospects were claimed to be materially misleading and lacked a reasonable basis [1]. Group 2: Next Steps for Shareholders - Shareholders who purchased shares during the class period are encouraged to register for the class action by June 3, 2025 [2]. - Upon registration, shareholders will be enrolled in a portfolio monitoring software to receive updates throughout the case lifecycle [2]. - There is no cost or obligation for shareholders to participate in the case [2]. Group 3: Law Firm's Mission - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and fraud [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [3].
ECG LAWSUIT ALERT: The Gross Law Firm Notifies Everus Construction Group, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline