According to the lawsuit, during the Class Period, defendants made false and/or misleading statements and/or failed to disclose that:
- Everus Construction’s backlog conversion cycle had become elongated due to larger, more complex projects;
- as a result, Everus Construction’s revenue recognition would be delayed; and
- as a result of the foregoing, defendants’ positive statements about Everus Construction’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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