According to the lawsuit, throughout the Class Period, defendants made materially false and/or misleading statements regarding the Company’s:
- there were capital spending budget overruns;
- defendants failed to address weaknesses that allowed such budget overruns; and
- as a result, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
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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