Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Everus Construction Group, Inc. due to allegations of violations of federal securities laws, particularly concerning misleading statements about the company's backlog and revenue recognition [3][5]. Group 1: Legal Investigation and Class Action - The law firm is encouraging investors who suffered losses in Everus between October 31, 2024, and February 11, 2025, to discuss their legal rights [1]. - A federal securities class action has been filed against Everus, with a deadline of June 3, 2025, for investors to seek the role of lead plaintiff [3][7]. - The lead plaintiff is defined as the investor with the largest financial interest who directs the litigation on behalf of the class [7]. Group 2: Allegations Against Everus - The complaint alleges that Everus and its executives made false or misleading statements regarding the company's backlog conversion cycle, which has become elongated due to larger and more complex projects [5]. - As a result of the backlog issues, the company's revenue recognition is expected to be delayed, contradicting previous positive statements about its business prospects [5]. - Following the release of its fourth-quarter and full-year 2024 financial results, Everus's stock price fell by $18.88, or 27.6%, over two trading days, closing at $49.54 on February 13, 2025 [6]. Group 3: Financial Performance and Future Outlook - Everus projected revenue for 2025 in the range of $3.0 billion to $3.1 billion and EBITDA between $210 million and $225 million, citing changes in the composition of its backlog [6]. - The company indicated that the average project size has been increasing, leading to a longer backlog conversion cycle [6].

NEW YORK, April 25, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Everus Construction Group, Inc. ("Everus Construction " or the "Company") (NYSE: ECG) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Everus Construction  investors who were adversely affected by alleged securities fraud between October 31, 2024 and February 11, 2025. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com ...

NEW YORK, April 24, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Everus Construction Group, Inc. (NYSE: ECG) between October 31, 2024 and February 11, 2025, both dates inclusive (the “Class Period”), including investors who held MDU Resources Group, Inc. (“MDU Resources”) common stock as of October 21, 2024 and acquired Everus Construction common stock issued in connection with the spinoff of Everus Construction on or about October 3 ...

NEW YORK, April 24, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Everus Construction Group, Inc. ("Everus Construction " or the "Company") (NYSE: ECG) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Everus Construction investors who were adversely affected by alleged securities fraud between October 31, 2024 and February 11, 2025. Follow the link below to get more information and be contacted by a member of our team: https://zl ...

NEW YORK, April 23, 2025 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Everus Construction Group, Inc. (NYSE: ECG). Shareholders who purchased shares of ECG during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/everus-construction-group-inc-loss-submission-form/?id=144430&from=3 ...

NEW YORK, April 22, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Everus Construction Group, Inc. ("Everus Construction " or the "Company") (NYSE: ECG) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Everus Construction  investors who were adversely affected by alleged securities fraud between October 31, 2024 and February 11, 2025. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com ...

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Everus Construction Group, Inc. common stock during the specified Class Period of the upcoming lead plaintiff deadline for a class action lawsuit [1][2]. Group 1: Class Action Details - The Class Period for the lawsuit is from October 31, 2024, to February 11, 2025, and includes those who held MDU Resources common stock and acquired Everus Construction common stock during the spinoff [1]. - Investors may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by June 3, 2025 [3]. Group 2: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time [4]. - The firm was ranked No. 1 by ISS Securities Class Action Services for the number of settlements in 2017 and has consistently ranked in the top 4 since 2013, recovering hundreds of millions for investors [4]. - In 2019, the firm secured over $438 million for investors, and its founding partner was recognized as a Titan of Plaintiffs' Bar by Law360 in 2020 [4]. Group 3: Case Allegations - The lawsuit alleges that during the Class Period, defendants made false or misleading statements regarding Everus Construction's backlog conversion cycle, which had become elongated due to larger, more complex projects [5]. - It is claimed that this led to delays in revenue recognition and that the positive statements made by defendants about the company's business and prospects were materially misleading [5]. - When the true details were revealed, investors reportedly suffered damages as a result [5].

SAN DIEGO, April 21, 2025 /PRNewswire/ -- Robbins LLP reminds stockholders that a class action was filed on behalf of persons and entities that purchased or otherwise acquired Everus Construction Group, Inc. ("Everus") (NYSE: ECG) common stock between October 31, 2024 and February 11, 2025, including investors who held MDU Resources Group, Inc. ("MDU Resources") common stock as of October 21, 2024 and acquired Everus common stock issued in connection with the spinoff of Everus Construction on or about Octob ...

NEW YORK, April 21, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Everus Construction Group, Inc. (“Everus” or the “Company”) (NYSE: ECG). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased. The class action concerns whether Everus and certain ...

Core Viewpoint - A class action securities lawsuit has been filed against Everus Construction Group, Inc. alleging securities fraud affecting investors between October 31, 2024, and February 11, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that the defendants made false statements and concealed information regarding the Company's backlog conversion cycle, which had become elongated due to larger and more complex projects [2]. - It is alleged that this elongation would lead to delays in revenue recognition, making the defendants' positive statements about the Company's business and prospects materially misleading [2]. Group 2: Investor Information - Investors who suffered losses during the specified timeframe have until June 3, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, with no obligation to participate [3]. Group 3: Legal Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].