U.S. Markets closed

Zhang Investor Law Announces the Filing of a Securities Class Action Lawsuit Against Granite Construction Incorporated- GVA

NEW YORK, NY / ACCESSWIRE / September 13, 2019 / Zhang Investor Law announces the filing of a class action lawsuit on behalf of shareholders who bought shares of Granite Construction Incorporated (NYSE:GVA) between October 26, 2018 and August 1, 2019, inclusive (the “Class Period”).

To join the class action, gohttp://zhanginvestorlaw.com/join-action-form/?slug=granite-construction-incorporated&id=1992 or call Sophie Zhang, Esq. toll-free at 800-991-3756 or email info@zhanginvestorlaw.com for information on the class action.

如果您想加入这个集体诉讼案,请在这里提交您的信息。http://zhanginvestorlaw.com/join-action-form/?slug=granite-construction-incorporated&id=1992

If you wish to serve as lead plaintiff, you must move the Court no later than October 15, 2019. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) the Company had assumed certain risks in connection with its heavy civil joint venture projects bid between 2012 and 2014; (2) there was an “untenable” imbalance of risk sharing between the Company and the joint venture project owners; (3) the Company was reasonably likely to incur additional project costs for its joint venture projects; (4) the Company was reasonably likely to incur additional costs in connection with certain project disputes; and (5) as a result, Granite Construction’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages..

A class has not been certified. You may retain counsel of your choice. You may take no action at this time and be an absent class member. Your ability to obtain a recovery is not dependent upon being a lead plaintiff.

Zhang Investor Law represents investors worldwide. Attorney Advertising. Prior results do not guarantee similar outcomes.

Zhang Investor Law P.C.
99 Wall Street, Suite 232
New York, New York 10005
info@zhanginvestorlaw.com
tel: (800) 991-3756

SOURCE: Zhang Investor Law P.C.



View source version on accesswire.com:
https://www.accesswire.com/559581/Zhang-Investor-Law-Announces-the-Filing-of-a-Securities-Class-Action-Lawsuit-Against-Granite-Construction-Incorporated-GVA