NEW YORK, NY - April 13, 2025 – Shareholders of Everus Construction Group, Inc. (NYSE: ECG) are being notified by the law firm Levi & Korsinsky, LLP of a pending securities class action lawsuit concerning potential violations of federal securities laws. Investors who purchased or otherwise acquired shares between October 31, 2024 and February 11, 2025, and who suffered financial losses, may be eligible to join the lawsuit and seek financial recovery.
Details of the Lawsuit
The class action suit, filed in federal court, alleges that Everus Construction and certain of its officers misled investors by making false or misleading statements and failing to disclose critical information about the company’s operations and financial performance.
According to the complaint, the defendants failed to disclose that:
- The company’s backlog conversion cycle had lengthened significantly due to larger and more complex construction projects.
- This elongation resulted in delays in revenue recognition.
- As a consequence of these delays and operational issues, the defendants’ positive statements about the company’s business, operations, and future prospects were materially misleading and/or lacked a reasonable basis.
Who Is Affected and What Are Your Options?
If you purchased Everus Construction stock during the class period—October 31, 2024 to February 11, 2025—you may be eligible to join the lawsuit, even if you still hold your shares. There is no cost or obligation to participate in the lawsuit.
To learn more about your rights and options, visit the submission link or contact Levi & Korsinsky for a free case evaluation.
Why Choose Levi & Korsinsky?
Levi & Korsinsky, LLP is a nationally recognized securities litigation firm with over two decades of experience representing investors in class actions and complex securities cases. The firm is known for securing hundreds of millions of dollars in recoveries for shareholders and has built a reputation for taking on high-stakes, high-profile cases.
With a team of more than 70 legal professionals, Levi & Korsinsky has the resources and expertise to effectively represent shareholders in securities litigation. For seven consecutive years, the firm has been listed in ISS Securities Class Action Services’ Top 50 Report, ranking it among the leading securities litigation firms in the United States.
This announcement is considered Attorney Advertising. Prior results do not guarantee similar outcomes. To learn more or participate, visit:
https://zlk.com/pslra-1/everus-construction-group-inc-lawsuit-submission-form?prid=142762&wire=1
Alternatively, shareholders may contact Joseph E. Levi, Esq. directly via email at jlevi@levikorsinsky.com or call (212) 363-7500 to speak with the firm's experienced shareholder advocacy team.
Originally reported by Access News Wire in My Champlain Valley.