LOS ANGELES–(BUSINESS WIRE)–#Deadline—The
Schall Law Firm, a national shareholder rights litigation firm,
announces that it is investigating claims on behalf of investors of
Orion Group Holdings, Inc. (“Orion” or “the Company”) (NYSE: ORN)
for violations of §§10(b) and 20(a) of the Securities Exchange Act of
1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and
Exchange Commission.
The investigation focuses on whether the Company issued false and/or
misleading statements and/or failed to disclose information pertinent to
investors. Orion overstated its goodwill in certain specific periods.
The Company also overstated accounts receivable. It lacked appropriate
internal controls over financial reporting, especially in the areas of
goodwill impairment testing and allowance for doubtful accounts. Due to
the failure to maintain these controls, the Company suffered adjustments
which materially impacted its financial results. Based on these facts,
the Company’s public statements were false and materially misleading
throughout the class period. When the market learned the truth about
Orion, investors suffered damages.
If you are a shareholder who suffered a loss, click
here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm,
1880 Century Park East, Suite 404, Los Angeles, CA 90067, at
424-303-1964, to discuss your rights free of charge. You can also reach
us through the firm’s website at www.schallfirm.com,
or by email at [email protected].
The class in this case has not yet been certified, and until
certification occurs, you are not represented by an attorney. If you
choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and
specializes in securities class action lawsuits and shareholder rights
litigation.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and rules of ethics.
Contacts
The Schall Law Firm
Brian Schall, Esq.
310-301-3335
Cell:
424-303-1964
[email protected]
www.schallfirm.com
