Primoris Services Corporation Sued for Securities Law Violations
DJS Law Group has notified investors of a class action lawsuit filed against Primoris Services Corporation. The suit alleges violations of securities laws.
The DJS Law Group has issued a notice regarding a class action lawsuit filed against Primoris Services Corporation (NYSE: PRIM). The lawsuit alleges that the company violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and SEC Rule 10b-5.
The class period for the lawsuit spans from August 5, 2025, to June 22, 2026. According to the complaint, Primoris Services Corporation allegedly made false and misleading statements to the market. Specifically, the company is accused of failing to maintain effective cost estimation, project forecasting, and oversight processes for its fixed-cost renewable energy projects. This alleged failure led to an underestimation of the costs and risks associated with these renewable energy ventures.
Investors who purchased shares of Primoris stock during the specified class period and incurred losses are encouraged to contact the DJS Law Group. The firm is seeking potential lead plaintiffs and advises that appointment as lead plaintiff is not a prerequisite for participating in any potential recovery.
The deadline to join the lawsuit is September 21, 2026. Such legal actions are typically aimed at recovering financial losses for investors and holding companies accountable for their public disclosures.