IRVINE, Calif.--(BUSINESS WIRE)--Khang & Khang LLP (the “Firm”) announces that it is investigating claims against Forterra, Inc. (“Forterra” or the “Company”) (Nasdaq: FRTA) concerning possible violations of federal securities laws.
If you purchased shares of Forterra and want more information, please contact Joon M. Khang, Esq., of Khang & Khang LLP, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by e-mail at firstname.lastname@example.org.
The investigation focuses on whether Forterra and certain of its officers and/or directors violated federal securities laws. On May 15, 2017, the Company revealed net sales of $338.3 million for the first quarter of 2017, compared to $187 million in the prior year quarter. Sales growth was “attributable to the impact of acquisitions that increased net sales by $163 million” rather than to organic growth. Forterra also announced a consolidated net loss of $22.5 million, or $0.35 loss per share. The Company’s CEO said that its “earnings results for the quarter were impacted by a number of factors that unfortunately will persist through the second quarter of 2017.”
If you have any questions concerning this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or by e-mail at email@example.com.
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