Rosen Law Firm Reminds Everus Construction Investors of Pending Securities Class Action.
Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Everus Construction Group, Inc. (NYSE: ECG) between October 31, 2024 and February 11, 2025, inclusive (the “Class Period”), of the pending securities class action lawsuit.
This reminder also applies to investors who held MDU Resources Group, Inc. (“MDU Resources”) common stock as of October 21, 2024 and acquired Everus Construction common stock issued in connection with the spinoff of Everus Construction on or about October 31, 2024 (the “Spinoff”).
A class action lawsuit has been filed alleging that during the Class Period, Everus Construction and certain of its executives made materially false and misleading statements and failed to disclose that Everus’s backlog conversion cycle had lengthened due to larger and more complex projects.
As a result, the company’s revenue recognition was delayed, rendering its positive statements about business operations and prospects materially misleading and lacking a reasonable basis. When these facts came to light, investors reportedly suffered substantial damages.
Investors who purchased Everus Construction common stock during the Class Period, or who acquired Everus stock through the Spinoff, may be entitled to compensation without payment of any out-of-pocket fees or costs through a contingency fee arrangement.
To join the class action, investors may submit information through Rosen Law Firm’s website. Additional information is available by contacting Phillip Kim, Esq. toll-free at 866-767-3653 or by email at [email protected].
Investors seeking to serve as lead plaintiff must file their motion with the Court no later than June 3, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
No class has yet been certified. Until certification occurs, investors are not represented by counsel unless they retain one. Investors may select counsel of their choice or take no action and remain absent class members. The ability to share in any future recovery is not dependent upon serving as lead plaintiff.
Everus Construction Group, Inc. is a U.S.-based specialty contractor providing electrical, mechanical, and transmission and distribution (T&D) services nationwide. Headquartered in Bismarck, North Dakota, Everus serves clients across the utility, transportation, commercial, industrial, institutional, and renewable energy sectors. The company operates through two main segments: Electrical & Mechanical (E&M) and Transmission & Distribution (T&D). Everus became an independent publicly traded company in November 2024 following its spinoff from MDU Resources Group, Inc., and is listed on the New York Stock Exchange under the ticker symbol ECG. With approximately 7,600 employees and annual revenues around $2.85 billion, Everus is committed to delivering complex infrastructure projects with a focus on safety, quality, and innovation.
The Rosen Law Firm, P.A. is a leading international law firm specializing in securities class actions, shareholder derivative litigation, and investor rights. Founded by Laurence Rosen, the firm has established a stellar reputation for its successful track record in recovering significant settlements for investors globally. With a focus on providing top-tier legal representation, Rosen Law Firm has secured hundreds of millions of dollars for its clients in securities fraud cases and other complex legal matters.
Known for its commitment to transparency, aggressive litigation strategies, and client-centered approach, Rosen Law Firm has been consistently ranked among the top firms for securities class action settlements. The firm’s dedication to achieving justice for investors has earned it recognition from leading industry publications, including Law360 and Super Lawyers.
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