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Update in Lawsuit for Investors in Dycom Industries, Inc. (NYSE: DY) shares announced by Shareholders Foundation

SAN DIEGO, April 15, 2020 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in NYSE: DY shares.

Investors, who purchased shares of Dycom Industries, Inc. (DY), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

On October 25, 2018, a lawsuit was filed against Dycom Industries, Inc. over alleged Securities Laws Violations. The plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose that Dycom’s large projects were highly dependent on permitting and tactical considerations, that Dycom was facing great uncertainties related to permitting issues, that said uncertainties would expose Dycom to near-term margin pressure and absorption issues, and that as a result of the foregoing, Defendants’ statements about Dycom’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.

On March 13, 2019, an amended complaint was filed and on January 8, 2020, a second amended complaint was filed.

Those who purchased Dycom Industries, Inc. (DY) shares should contact the Shareholders Foundation, Inc.

CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.