Investors Face September Deadline in Primoris Securities Fraud Lawsuit

The lawsuit alleges that Primoris misled shareholders by failing to disclose significant flaws in its cost-estimation and project-oversight processes. According to the complaint, the company systematically underestimated risks associated with fixed-price renewable energy projects, which were plagued by cost overruns and schedule delays. These omissions allegedly resulted in inflated financial guidance that lacked a reasonable basis, causing financial damage to investors when the actual project status became public.

Those who purchased shares during the specified period may be eligible for compensation. While a class action has been filed, no class has been formally certified yet. Investors are not required to serve as lead plaintiff to participate in any potential recovery, and they retain the right to select their own legal representation. Interested parties can contact Phillip Kim at the Rosen Law Firm for further details on the proceedings.