Forterra Inc
0 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS
Case Summary | |
Company Name: | Forterra Inc |
Stock Symbol : | NASDAQ: FRTA |
Class Period Start: | 10/21/2016 |
Class Period End: | 10/21/2016 |
Lead Plaintiff motion: | 10/13/2017 |
Date Filed: | 08/14/2017 |
Type of Case: | Securities Class Action |
Court: | U.S. District Court for the Eastern District of New York |
Summary: | Thieler Law Corp advises investors with losses exceeding $100,000 of the October 13, 2017 lead plaintiff deadline in a class action lawsuit filed against Forterra Inc (NASDAQ: FRTA) (“Forterra” or “the Company”). The suit is pending in the U.S. District Court for the Eastern District of New York and investors, who purchased Forterra Inc securities on October 21, 2016 initial public offering (the "IPO"), have until October 13, 2017 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class. If you purchased Forterra Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class. The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that at the time of the IPO, organic sales in Forterra’s Drainage and Water segments had significantly declined; Forterra was experiencing increased pricing pressure due to competition and continued softness in its concrete and steel pipe business; Forterra had been losing business in its important pipe and precast business due in large part to operational problems at its production plants; and Forterra had undisclosed material weaknesses in its internal controls that prevented it from accurately reporting and forecasting its financial results. Since the IPO, NASDAQ: FRTA dropped approximately 75%, which caused investors harm. If you were negatively impacted by your investment in Forterra Inc securities on October 21, 2016 initial public offering (the "IPO") and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation. Thieler Law Corp purchases advertisements on search engines, social media sites and other websites. If you send us information, note that does not create an attorney-client relationship with the firm. Thieler Law Corp 2534 State Street - Suite 406, San Diego, CA 92101 by email: mail@thielerlaw.com or telephone at +1 (619) 377 - 4324 or visit our website http://www.thielerlaw.com/ or Facsimile: +1 (619) 785 – 3185 |