New Federal Securities Cases
A class action lawsuit has been filed in the United States District Court for the Northern District of Texas against U.S. Concrete, Inc. ("U.S. Concrete" or the "Company") (NASDAQ:USCR), on behalf of all persons or entities who acquired U.S. Concrete securities during the period from March 6, 2015 through March 23, 2017 (the "Class Period").
U.S. Concrete, Inc. produces and sells ready-mixed concrete, aggregates, and concrete-related products and services for the construction industry in the United States. The lawsuit alleges that throughout the Class Period, defendants failed to disclose that the Company lacked effective internal controls over financial reporting.
On March 24, 2017, U.S. Concrete filed a Current Report on Form 8-K with the Securities and Exchange Commission, announcing the resignation of the Company's Chief Financial Officer, Joseph Tusa, and advising investors that the Company had dismissed its previous auditor, Grant Thornton LLP, and engaged Ernst & Young LLP as its new public accounting firm. On this news, U.S. Concrete's share price fell from $66.70 to $60.80 per share, damaging investors.
If you acquired U.S. Concrete securities during the Class Period, you may, no later than May 28, 2017, request that the court appoint you lead plaintiff of the proposed class. Although your ability to share in any recovery is not affected by the decision whether or not to seek appointment as a lead plaintiff, lead plaintiffs make important decisions that could affect the overall recovery for class members, including decisions concerning settlement.
If you are a current or former U.S. Concrete shareholder and wish to obtain additional information, please fill out the contact form at the link below.
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