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ECG DEADLINE NOTICE: ROSEN, A LEADING INVESTOR RIGHTS LAW FIRM, Encourages Everus Construction Group, Inc. Investors with Losses in Excess of $100K to Secure Counsel Before Important June 3 Deadline in Securities Class Action – ECG
LAWCS Disco(LAW) GlobeNewswire News Room·2025-06-01 14:28

Core Viewpoint - Rosen Law Firm is reminding investors who purchased common stock of Everus Construction Group, Inc. during the specified Class Period of the upcoming lead plaintiff deadline for a class action lawsuit [1][2]. Group 1: Class Action Details - The Class Period for the lawsuit is defined as between October 31, 2024, and February 11, 2025, inclusive [1]. - Investors who held MDU Resources common stock as of October 21, 2024, and acquired Everus Construction common stock during the spinoff may be eligible for compensation [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: Legal Representation - Investors are encouraged to select qualified legal counsel with a proven track record in securities class actions [4]. - Rosen Law Firm has a history of 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 substantial amounts for investors [4]. Group 3: 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 the backlog conversion cycle had elongated due to larger projects, leading to delayed revenue recognition [5]. - The lawsuit asserts that the positive statements made by defendants were materially misleading and lacked a reasonable basis [5].