SHAREHOLDER REMINDER: Lundin Law PC Announces Securities Class A - Erie News Now | WICU & WSEE in Erie, PA

SHAREHOLDER REMINDER: Lundin Law PC Announces Securities Class Action Lawsuit against Forterra, Inc. and Encourages Investors with Losses to Contact the Firm

Posted: Updated:

LOS ANGELES, CA / ACCESSWIRE / October 4, 2017 / Lundin Law PC, a shareholder rights firm, announces a class action lawsuit against Forterra, Inc. (“Forterra” or the “Company”) (NASDAQ: FRTA) for possible violations of federal securities laws relating to its initial public offering (the “IPO”) on October 21, 2016. Investors, who purchased or otherwise acquired Forterra shares pursuant and/or traceable to the IPO, should contact the firm prior to October 13, 2017, the lead plaintiff motion deadline.

To participate in this class action lawsuit, click here.

You can also call Brian Lundin, Esq., of Lundin Law PC, at 888-713-1033, or e-mail him at brian@lundinlawpc.com.

No class has been certified in the above action yet, and until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.

The Complaint alleges that the Registration Statement which Forterra used to conduct its IPO contained false and/or misleading statements, and/or failed to disclose material facts, specifically: that organic sales in the Company’s Drainage and Water segments significantly dropped; that Forterra was experiencing increased pricing pressure due to competition and continued softness in its concrete and steel pipe business; that the Company was losing business in its important pipe and precast business, due in large part to operational problems at its production plants; and that Forterra had undisclosed material weaknesses in its internal controls that prevented it from accurately reporting and forecasting its financial results. Since the IPO, Forterra’s stock price fell about 75%, which caused investors harm according to the Complaint.

Lundin Law PC was created by Brian Lundin, Esq., a securities litigator based in Los Angeles dedicated to upholding shareholders’ rights.

This press release may be considered Attorney Advertising in certain jurisdictions under the applicable law and ethics rules.

Contact:

Lundin Law PC
Brian Lundin, Esq.
Telephone: 888-713-1033
Facsimile: 888-713-1125
brian@lundinlawpc.com
http://lundinlawpc.com/

SOURCE: Lundin Law PC

ReleaseID: 477108

Information contained on this page is provided by an independent third-party content provider. Frankly and this Station make no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact pressreleases@franklyinc.com

Powered by Frankly
3514 State St. Erie, PA 16508
Newsroom: (814) 454-8812
Business offices: (814) 454-5201
WICU FCC Filing
WSEE FCC Filing
Share:
Share Stories
Submit your stories to our site!
Share Photos
Share your photos in our community galleries
RSS Feeds
All content © Copyright 2000 - 2017 WICU. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.
                   WICU/WSEE - 3514 State Street Erie, PA 16508 - (814) 454-5201 - info@wicu12.com