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INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Parsons Corporation. - PSN
Prnewswireยท 2025-03-03 18:45
Core Viewpoint - Parsons Corporation is under investigation for potential securities fraud and unlawful business practices following disappointing financial results for Q4 2024, which led to a significant drop in stock price [1][2]. Financial Performance - On February 19, 2025, Parsons reported Q4 2024 financial results that fell short of prior guidance for both revenue and EBITDA [2]. - The adjusted EBITDA growth for the quarter was negatively impacted by $29 million due to adjustments on two programs [2]. - Following the announcement, Parsons' stock price decreased by $8.42 per share, or 11.46%, closing at $65.08 per share [2]. Legal Investigation - Pomerantz LLP is investigating claims on behalf of investors regarding potential securities fraud or other unlawful business practices by Parsons and its officers and/or directors [1]. - The firm is recognized for its expertise in corporate, securities, and antitrust class litigation, having a long history of fighting for victims of securities fraud [3].