BENSALEM, Pa.–(BUSINESS WIRE)–$BZH #classaction–Law Offices of Howard G. Smith announces an investigation on behalf of
Beazer Homes USA, Inc. (“Beazer Homes” or the “Company”) (NYSE: BZH)
investors concerning the Company and its officers’ possible violations
of federal securities laws.
On May 2, 2019, the Company issued a press release regarding its
financial and operating results for the second quarter of 2019,
reporting a net loss from continuing operations of $100.8 million for
the quarter reflective of a $147.6 million impairment on certain
California assets acquired by the Company before 2007. The assets in
question were currently and previously reported by the Company as land
held for future development.
On this news, the Company’s share price fell $1.73, or nearly 12%, to
close at $12.51 on May 3, 2019, thereby injuring investors.
If you purchased Beazer Homes securities, have information or would like
to learn more about these claims, or have any questions concerning this
announcement or your rights or interests with respect to these matters,
please contact Howard G. Smith, Esquire, of Law Offices of Howard G.
Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by
telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to [email protected],
or visit our website at www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
Contacts
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
[email protected]
www.howardsmithlaw.com
