NEW ORLEANS–(BUSINESS WIRE)–Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until October 15, 2019 to file lead plaintiff applications in a securities class action lawsuit against Granite Construction Incorporated (NYSE: GVA), if they purchased the Company’s securities between October 26, 2018 and August 1, 2019, inclusive (the “Class Period”). This action is pending in the United States District Court for the Northern District of California.
What You May Do
If you purchased securities of Granite and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nyse-gva/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by October 15, 2019.
About the Lawsuit
Granite and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On August 2, 2019, pre-market, the Company disclosed disappointing 2Q2019 financial results including revenue of $789.5M and $114.2M in revenue reductions due to previously disclosed non-cash charges related to four legacy joint venture projects.
On this news, the price of Granite’s shares plummeted.
The case is Greene v. Granite Construction Incorporated, 3:19-cv-04744.
About Kahn Swick & Foti, LLC
KSF, whose partners include the former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner