Energy News / Shareholders Foundation, Inc.

NYSE: GVA Long Term Investor Notice: Investigation over Possible Wrongdoing at Granite Construction Incorporated

Via: ReleaseWire

Updated 11:30 AM CST, Tue, February 04,2020

An investigation on behalf of current long term investors in Granite Construction Incorporated (NYSE: GVA) shares over possible breaches of fiduciary duty by certain directors was announced.

San Diego, CA -- (SBWIRE) -- 02/04/2020 -- An investigation was announced for current long-term investors in shares of Granite Construction Incorporated (NYSE: GVA) concerning potential breaches of fiduciary duties by certain directors of Granite Construction Incorporated.

Investors who are current long term investors in Granite Construction Incorporated (NYSE: GVA) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NYSE: GVA stocks follows a lawsuit filed against Granite Construction Incorporated over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: GVA stocks, concerns whether certain Granite Construction Incorporated directors are liable in connection with the allegations made in that lawsuit.

The plaintiff alleges that the Defendants made false and/or misleading statements and/or failed to disclose: (1) that the Company had assumed certain risks in connection with its heavy civil joint venture projects bid between 2012 and 2014; (2) that there was an "untenable" imbalance of risk sharing between the Company and the joint venture project owners; (3) that, as a result, the Company was reasonably likely to incur additional project costs for its joint venture projects; (4) the Company was reasonably likely to incur additional costs in connection with certain project disputes; and (5) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects and prospects were materially misleading and/or lacked a reasonable basis.

Those who purchased shares of Granite Construction Incorporated (NYSE: GVA) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

For more information on this press release visit:
http://www.sbwire.com/press-releases/nyse-gva-long-term-investor-notice-investigation-over-possible-wrongdoing-at-granite-construction-incorporated-1274280.htm

Media Relations Contact
Michael Daniels
1-858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com