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Posted by
Two Blokes May 27, 2025 -
Filed in
Stock
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ATLANTA, May 27, 2025 (GLOBE NEWSWIRE) -- A shareholder class action lawsuit has been filed against Everus Construction Group, Inc. (“Everus” or “the Company”) (NYSE: ECG). The lawsuit alleges that Defendants made materially false and/or misleading statements, and/or failed to disclose material adverse facts regarding Everus's business, operations, and prospects, including allegations that: (1) Everus's backlog conversion cycle had become elongated due to larger, more complex projects; and (2) as a result, the Company's revenue recognition would be delayed.
