Law Offices of Howard G. Smith announces that investors of Tetra Tech,
Inc. (“Tetra Tech” or the “Company”) (NASDAQ:TTEK) have until August 27,
2013 to move the Court to serve as lead plaintiff in the securities
fraud class action lawsuit filed in the United States District Court for
the Central District of California on behalf of a class (the “Class”)
comprising all purchasers of Tetra Tech securities between May 3, 2012
and June 18, 2013, inclusive (the “Class Period”).
Tetra Tech provides consulting, engineering, program management,
construction management and technical services for environment, energy,
infrastructure and natural resources sectors. The Complaint alleges that
defendants issued materially false and misleading statements regarding
Tetra Tech’s business and operations, and also failed to take necessary
charges to the Company’s accounts receivables and earnings related to
projects for federal and state government clients. Specifically,
defendants misrepresented and/or failed to disclose that: (a) claims by
customers and cost overruns created an acute risk that the Company would
need to take an earnings charge; (b) decreasing demand for the Company’s
services would lead to project closures; and (c) the Company failed to
inform investors the extent to which Tetra Tech’s revenues would be
impacted by an overall decline in the Eastern Canadian mining and oil
industry.
No class has yet been certified in this action. Until a class is
certified, you are not represented by counsel unless you retain one. If
you purchased Tetra Tech stock during the Class Period, you have certain
rights, and have until August 27, 2013 to move for lead plaintiff
status. To be a member of the class you need not take any action at this
time or you may retain counsel of your choice. If you purchased Tetra
Tech stock prior to the Class Period and have any questions concerning
this Notice 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 howardsmith@howardsmithlaw.com,
or visit our website at http://www.howardsmithlaw.com.
Copyright Business Wire 2013