NEW YORK--(BUSINESS WIRE)--Bragar Eagel & Squire, P.C. announces that a class action lawsuit has been filed in the U.S. District Court for the Northern District of Texas on behalf of all persons or entities who purchased or otherwise acquired U.S. Concrete, Inc. (NASDAQ: USCR) securities between March 6, 2015 and March 23, 2017 (the “Class Period”). Investors have until May 30, 2017 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
U.S. Concrete, Inc. produces and sells ready-mixed concrete, aggregates, and concrete-related products and services for the U.S. construction industry.
The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and failed to disclose that the Company lacked effective internal controls over financial reporting.
On March 24, 2017, U.S. Concrete filed a Current Report on Form 8-K with the Securities and Exchange Commission, announcing the resignation of the Company’s Chief Financial Officer, Joseph Tusa. The Company also informed investors that the Company dismissed its previous auditor, Grant Thornton LLP, and engaged Ernst & Young LLP as its new public accounting firm.
On this news, U.S. Concrete shares declined $5.90 per share, or 8.84%, to close at $60.80 on March 24, 2017.
If you purchased or otherwise acquired U.S. Concrete securities during the Class Period and suffered a loss or continue to hold shares purchased prior to the Class Period, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information concerning the U.S. Concrete lawsuit, please go to www.bespc.com/uscr. For additional information about Bragar Eagel & Squire, P.C., please go to www.bespc.com.
