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 email@example.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.
Shareholders Foundation, Inc.
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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.
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