FORTERRA SHAREHOLDER ALERT: ClaimsFiler Reminds Investors with Losses in Excess of $100,000 of Lead Plaintiff Deadline in Cla...
September 22 2017 - 10:50PM
Business Wire
ClaimsFiler, a FREE shareholder information service, reminds
investors that they have until October 13, 2017 to file lead
plaintiff applications in a securities class action lawsuit against
Forterra, Inc. (NasdaqGS: FRTA), if they purchased the Company’s
shares between October 18, 2016 and August 14, 2017 and/or pursuant
to Forterra’s October 21, 2016 initial public offering (“IPO”).
This action is pending in the United States District Court for the
Eastern District of New York.
Get Help
Forterra investors should visit us at
https://www.claimsfiler.com/cases/view-forterra-inc-securities-litigation
or call to speak to our claim center toll-free at (844)
367-9658.
About the Lawsuit
Forterra and certain of its executives are charged with failing
to disclose material information during the IPO, violating federal
securities laws.
The alleged false and misleading statements and omissions
include, but are not limited to, that: (i) there were substantial
decreases in sales in certain products; (ii) Forterra was lowering
prices in certain segments due to competition and softness in the
market; (iii) defective products and long delays from production
problems resulted in lost business and late charges; (iv)
undisclosed material weaknesses in internal controls prevented
accurate reporting and forecasting of financial results; and (v) as
a result of the foregoing, Forterra’s Registration Statement was
materially false and misleading at all relevant times.
About ClaimsFiler
ClaimsFiler has a single mission: to serve as the information
source to help retail investors recover their share of billions of
dollars from securities class action settlements. ClaimsFiler's
team of experts monitor the securities class action landscape and
cull information from a variety of sources to ensure comprehensive
coverage across a broad range of financial instruments.
To learn more about ClaimsFiler, visit www.claimsfiler.com.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170922005103/en/
ClaimsFilerJerry Gallo,
844-367-9658https://www.claimsfiler.com
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