LOS ANGELES--(BUSINESS WIRE)--Goldberg Law PC, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Forterra, Inc. (“Forterra” or the “Company”) (Nasdaq: FRTA) for possible violations of federal securities laws.
If you purchased or otherwise acquired Forterra shares, and would like more information regarding the investigation, we encourage you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of the Stars Suite 1100, Los Angeles, CA 90067, at 800-977-7401, to discuss your rights without cost to you.
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.” Following this news, shares of Forterra stock dropped in value.
If you have any questions concerning your legal rights, please immediately contact Goldberg Law PC at 800-977-7401, or visit our website at http://www.Goldberglawpc.com, or email us at email@example.com.
Goldberg Law PC represents shareholders around the world and specializes in securities class actions and shareholder rights litigation.
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