Investors Face Deadline in Primoris Securities Fraud Class Action

The lawsuit centers on claims that Primoris failed to accurately report the risks associated with its fixed-price renewable energy projects. According to the complaint, the company’s internal cost estimation and oversight processes were fundamentally flawed, leading to systematic underestimations of project expenses and profitability. Plaintiffs allege that these deficiencies resulted in undisclosed cost overruns and significant schedule delays, rendering the company's financial guidance and public statements about its project management capabilities unreliable.

Investors who incurred losses during the designated period may participate in the litigation without upfront out-of-pocket costs through a contingency fee arrangement. While the court has not yet certified the class, affected shareholders retain the right to select their own legal representation or remain absent members of the class. Prospective plaintiffs seeking to lead the litigation are instructed to contact attorney Phillip Kim at the Rosen Law Firm before the September deadline.