BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Forterra, Inc. (“Forterra” or the “Company”) (NASDAQ: FRTA) investors concerning the Company and its officers’ possible violations of federal securities laws.
On May 15, 2017, Forterra disclosed net sales of $338.3 million for the first quarter of 2017, compared to $187 million for the same quarter last year. According to Forterra, this growth was “attributable to the impact of acquisitions that increased net sales by $163 million.” However, Forterra also disclosed a consolidated net loss of $22.5 million and according to the Company’s CEO, “a number of factors that unfortunately will persist through the second quarter of 2017.”
On this news, shares of Forterra have fallen over $7.00 per share over three consecutive trading sessions ending May 17, 2017.
If you purchased Forterra securities, have information or 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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at www.howardsmithlaw.com.
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