IRVINE, Calif.--(BUSINESS WIRE)--
Khang & Khang LLP (the “Firm”) announces that it is investigating claims against Forterra, Inc. (“Forterra” or the “Company”) (FRTA) concerning possible violations of federal securities laws.
If you purchased shares of Forterra and want more information, please contact Joon M. Khang, Esq., of Khang & Khang LLP, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by e-mail at email@example.com.
The investigation focuses on whether Forterra and certain of its officers and/or directors violated federal securities laws. On May 15, 2017, the Company revealed net sales of $338.3 million for the first quarter of 2017, compared to $187 million in the prior year quarter. Sales growth was “attributable to the impact of acquisitions that increased net sales by $163 million” rather than to organic growth. Forterra also announced a consolidated net loss of $22.5 million, or $0.35 loss per share. The Company’s CEO said that its “earnings results for the quarter were impacted by a number of factors that unfortunately will persist through the second quarter of 2017.”
If you have any questions concerning this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or by e-mail at firstname.lastname@example.org.
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