Post by
JGrabar on May 30, 2020 10:53am
$GVA Potential Shareholder Derivative Action
Are you long on GVA?
As you know may know, in February 2020, a securities fraud complaint was filed against Granite in federal court on behalf of investors who purchased shares of the Company's stock between April 30, 2018 and October 24, 2019 in which it is alleged that Granite made a series of false and misleading statements to investors "regarding the accounting treatment of several of Granite's largest construction projects, which violated Generally Accepted Accounting Principles (‘GAAP') and rendered Granite's financial results issued during the Class Period materially false and misleading."
That case has survived a motion to dismiss, and those who have held shares since at least 4/29/18 have standing to make a shareholder derivative demand.
If you want to learn more about this and how you may potentially benefit, message me here or at jgrabar@grabarlaw.com
Best regards,
Josh